China's central bank pumps 548.7 billion yuan into market - Breaking The News
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China's central bank pumps 548.7 billion yuan into market

Economy
Christian Baha / NL

1 min read

EPA-EFE/JESSICA LEE

The People's Bank of China (PBoC) said it injected 548.7 billion yuan ($76.49 billion) into the banking system on Wednesday through seven-day reverse repos at a 1.5% interest rate.

The move aims to maintain sufficient liquidity, according to the central bank.

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