Banking

PBOC pumps 105b yuan into money market this week

(Xinhua)
Updated: 2010-07-09 09:05

BEIJING: The People's Bank of China (PBOC), or the central bank, injected 105 billion yuan ($15.5 billion) into the money market this week through its regular open market operations to increase short-term liquidity.

Related readings:  PBOC leaves 1-yr bill yield unchanged at 2.0929%  China to maintain steady, rapid growth: PBOC  Central bank sells 55b yuan of one-year bills  China's need to raise interest rates less pressing, PBOC adviser Li says

It was the seventh straight week that the PBOC has acted to boost liquidity in the money market with net injection.

This week's action also brought the central bank's net injection into the money market to 900 billion yuan over the past seven weeks.