17 Dec 2015
PBOC injects funds as year-end cash demand rises
FXStreet (Mumbai) - The People’s Bank of China (PBOC) added funds to the financial system as cash demand increased ahead of year-end and new public offerings, Bloomberg reports.
The central bank offered 30 billion yuan ($4.6 billion) of seven-day reverse-repurchase agreements in its open-market operations on Thursday at a yield of 2.25%, resulting in a net injection of 10 billion yuan this week.
The central bank offered 30 billion yuan ($4.6 billion) of seven-day reverse-repurchase agreements in its open-market operations on Thursday at a yield of 2.25%, resulting in a net injection of 10 billion yuan this week.