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China's central bank injects liquidity into market

Christian Fernsby ▼ | August 27, 2020
China's central bank Thursday continued to pump cash into the banking system via reverse repos to maintain liquidity.
China central bank
Injects liquidity   China central bank
The People's Bank of China injected 100 billion yuan (about 14.51 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to the central bank.

Topics: China

The move was intended to maintain reasonable and ample liquidity in the banking system, the central bank said.