China's central bank injects 900 billion into market - Xinhua News Agency
|The People's Bank of China (PBOC) conducted repo operations worth 900 billion yuan on Monday.
The central bank injected 700 billion yuan seven-day reverse repos at an interest rate of 2.4% and pumped 200 billion yuan through 14-day reverse repos at an interest rate of 2.55%.
Even so, the net liquidity addition was zero, as 900 billion yuan of reverse repos matured Monday.
The fresh liquidity injection aims to offset the impact of reverse repos maturing and to keep liquidity in the banking system at a reasonably sufficient level, according to a statement on the website of the central bank.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.