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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

DNB denies claims of impropriety over 5G rollout
Laos struggles to meet blood demand amidst soaring road accident cases in 2024
Asean chief says Cambodia makes great strides towards fostering region's peace, stability and economic prosperity
Malaysia exported 1.5 million arowana worth RM78mil in 2023, says Fisheries DG
Xi Jinping orders biggest Chinese military reorganisation since 2015
Sabah’s air quality unaffected by Mt Ruang eruption, says state Health Dept director
KLIA shooter was collecting medical report for new job in Saudi, say cops
Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13
China FM Wang Yi confident of better cooperation with Indonesia after high-level dialogue
Taylor Swift praised for ‘most personal’ album to date

Others Also Read