PBOC resumes injections after 15-day halt drives up money rates

  • Banking
  • Wednesday, 12 Sep 2018

SHANGHAI: The People’s Bank of China resumed cash injections via open-market operations after a 15-day halt as tighter liquidity helped to drive bond yields higher.

The central bank on Wednesday offered 60 billion yuan ($8.7 billion) of seven-day reverse-repurchase agreements, and kept the interest rate unchanged at 2.55 percent. 

Banking , Economy