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Bank resumes cash injections

China's central bank on Thursday resumed cash injections into the financial system via pledged supplementary lending and reverse repos, after a 13-day halt. The People's Bank of China pumped 83.9 billion yuan ($12.2 billion) through pledged supplementary lending and 110 billion yuan through reverse repos. The operations included 70 billion yuan of seven-day reverse repos priced to yield 2.45 percent, 20 billion yuan of 14-day contracts with a yield of 2.6 percent, and 20 billion yuan of 28-day agreements with a yield of 2.75 percent. The restarting of such operations came after 40 billion yuan of reverse repos and 217 billion yuan from the medium-term lending facility matured on Thursday, adding liquidity strain in the market.

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