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9/30/2021, 7:27 AM (Source: TeleTrader)
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PBoC injects 100B yuan to ensure market liquidity

The People's Bank of China (PBoC) confirmed on Thursday it has infused another 100 billion yuan, or $15.42 billion, into the market to maintain liquidity in the banking system as the COVID-19 pandemic keeps affecting the country's economy.

The amount was injected in cash via 14-day reverse repos at an interest rate of 2.35 percent.

Earlier this week, the PBoC remarked it will take a more cautious stance towards the pandemic and thus extend the time it needs for the implementation of normal monetary policy.

Baha Breaking News (BBN) / JR