(Yicai Global) Feb. 10 -- The People's Bank of China injected CNY900 billion (USD129 billion) into the banking system via reverse repos this morning, offsetting those maturing to keep liquidity balanced.

The central bank added CNY200 billion in 14 day reverse repos at an unchanged rate of 2.4 percent and CNY700 billion via seven-day reverse repos, also unchanged at 2.55 percent.

The injection is to offset maturing reverse repos and ensure there is ample liquidity, the bank said in a statement accompanying the move.