- People’s Bank of China injected 120 billion yuan into market
Market news
18 August 2015
People’s Bank of China injected 120 billion yuan into market
The People's Bank of China (PBoC) injected 120 billion yuan ($18.77 billion) into market by offering seven-day reverse repurchase agreements on Tuesday. This cash injection was the biggest of its kind since January 28, 2014.
The reason for this injection could be the decision to boost liquidity. Liquidity has tightened due to the yuan depreciation.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page