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PBOC continues liquidity injection

The Peoples' Bank of China, the nation's central bank, continued to inject funds into the market for a fifth consecutive trading day on Thursday to maintain liquidity. The central bank conducted 100 billion yuan ($14.4 billion) of seven-day reverse repos at an interest rate of 2.55 percent, unchanged from the previous operations. The move, together with the routine return of excessive required reserves to some banks, can offset the impact of factors including tax payments and government bond issuance, keeping liquidity in the banking system at a reasonable and ample level, according to a central bank statement.

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