BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Latest Headlines
Central Bank Continues to Inject Liquidity into Market

China's central bank pumped 990 billion yuan ($145.6 billion) into the inter-bank market this week to ease liquidity.


The People's Bank of China (PBOC) injected 270 billion yuan and 225 billion yuan, respectively, on November 18 and 17, through reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.


On November 14 and 15, the PBOC injected 140 billion yuan and 185 billion yuan, respectively, through reverse repos, according to the PBOC website.


The move followed a net injection of 170 billion yuan through reverse repos on November 14, according to the PBOC.


The central bank has adopted reverse repos and other liquidity operations to ease money shortages in the market more frequently this year, rather than cuts in interest rates or the reserve requirement ratio.


(Xinhua News Agency November 20, 2016)



About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CCTV   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
Chinese Dictionary: