China's central bank injects US$10.5 billion into market

BEIJING, Oct 20 (Xinhua): China's central bank pumped cash into the banking system through open market operations to maintain liquidity on Tuesday.

The People's Bank of China injected 70 billion yuan (US$10.5 billion) into the market through seven-day reverse repos at an interest rate of 2.2 per cent, according to a statement on its website.