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7/23/2021, 7:41 AM (Source: TeleTrader)
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PBoC injects another $1.56B to maintain liquidity

The People's Bank of China (PBoC) stated on Friday it has injected another 10 billion yuan, or $1.56 billion, into the market to keep "reasonably ample liquidity" in the banking system, which remains severely affected by the COVID-19 pandemic.

The central bank conducted the move under the interest rate for the seven-day reverse repos of 2.2%.

Earlier this week, the PBoC announced its decision to leave interest rates in July unchanged at 3.85%.

Baha Breaking News (BBN) / JR