The People’s Bank of China (PBoc) injected 50 billion yuan (about US$7.6bil) into the market through seven-day reverse repos at an interest rate of 2.2%, according to a statement on its website.
BEIJING: China’s central bank drained liquidity from the banking system through open market operations yesterday.
The People’s Bank of China (PBoc) injected 50 billion yuan (about US$7.6bil) into the market through seven-day reverse repos at an interest rate of 2.2%, according to a statement on its website.
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