Tuesday, 23 July 2019 03:01 GMT
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Liquidity added into Chinese financial system




(MENAFN) China's central bank the People's Bank of China (PBOC) was announced to have injected liquidity using open market operations, making it reach the financial system.

On Tuesday, the Chinese central bank launched USD13 billion of fourteen-day reverse repo, with a deal to sell them back later.

Meanwhile, the interest rate for the liquidity-injecting process was decided at 2.7 percent.

An overall of 10 billion yuan of reverse repos matured on Tuesday to see net liquidity injection of 80 billion yuan.

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Liquidity added into Chinese financial system

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