PBOC injects liquidity into market | 2019-07-17

PBOC injects liquidity into market

17th July, 2019 12:09:40 printer

BEIJING: The People's Bank of China (PBOC), the central bank, on Tuesday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.

The PBOC conducted 160 billion yuan (about 23.3 billion U.S. dollars) of seven-day reverse repos, a liquidity-injecting process in which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future, reports Xinhua.