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China Daily | Updated: 2015-07-10 07:29
Governments and policies
PBOC injects $5.7b into money market
The People's Bank of China, the central bank, injected 35 billion yuan ($5.7 billion) into the money market through open market operations on Thursday. This marked the fifth consecutive cash injection the central bank has carried out through regular reverse repurchase agreements since June 25. The yield for the latest seven-day reverse repo stood at 2.5 percent, according to the central bank. The PBOC also pumped 50 billion yuan into the money market on Tuesday through reverse repo operations.
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