PBOC Injecting 700 Billion Yuan via Reverse Repo to Boost LiquidityChina's central bank is set to pump 700 billion yuan (about $

MT Newswires Live08-08

In a move to maintain the liquidity of China's banking system, the People's Bank of China is injecting 700 billion yuan into the financial system through a three-month reverse repo operation on Friday, Xinhua News reported the same day.

The move will use a fixed-quantity, interest-rate-bidding and multiple-price-bidding method.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment