PBOC Injects USD13.8 Billion Into Financial System by OMOs(Yicai Global) Dec. 21 -- The People's Bank of China added CNY90 billion (USD13.8 billion) to the country's financial system via open market operations today.
The central bank conducted CNY10 billion worth of seven-day reverse repos with an interest rate of 2.20 percent. It also carried out CNY100 billion (USD15.3 billion) in 14-day reverse repos with a 2.35 percent rate. Some CNY20 billion worth of such short-term lending instruments matured today.
Last week, the PBOC injected a total of CNY560 billion into the banking system to maintain its liquidity.
Editor: Emmi Laine
