Business / Economy

Central bank pumps more money into market

(Xinhua) Updated: 2016-07-02 14:37

BEIJING - China's central bank pumped 840 billion yuan ($129 billion) into the market this week to ease liquidity.

The People's Bank of China (PBOC) conducted 50 billion yuan and 130 billion yuan on Friday and Thursday in seven-day reverse repos.

Both injections were priced to yield 2.25 percent, unchanged from Wednesday's injection of 210 billion yuan and Tuesday's injection of 180 billion yuan, according to a PBOC statement.

The move followed a net injection of 270 billion yuan on Monday, said the PBOC.

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