The People’s Bank of China (PBoC) pumped 120 billion yuan (US$18.6bil or RM77.91bil) into the banking system through reverse repurchase agreements, resulting in a net injection of 90 billion yuan (RM58.25bil).
BEIJING: China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets.
The People’s Bank of China (PBoC) pumped 120 billion yuan (US$18.6bil or RM77.91bil) into the banking system through reverse repurchase agreements, resulting in a net injection of 90 billion yuan (RM58.25bil).
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