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China: National bank pumps more cash into business sector

Central bank pumps more money into market

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China's central bank injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain. [Photo/Xinhua]
[Photo/Xinhua]

China’s central bank pumped 195 billion yuan (29.5 billion U.S. dollars) into the market this week to ease liquidity.

China's central bank injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain. [Photo/Xinhua]
China’s central bank injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain. [Photo/Xinhua]
The People’s Bank of China (PBOC) conducted 20 billion yuan and 15 billion yuan on Friday and Thursday through seven-day reverse repos.

Both injections were priced to yield 2.25 percent, unchanged from Wednesday’s injection of 30 billion yuan and Tuesday’s injection of 40 billion yuan, according to a PBOC statement.

The move followed a net injection of 90 billion yuan on Monday, said the PBOC. Enditem

Source: Xinhua/NewsGhana.com.gh

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