The People's Bank of China injects 140 billion yuan into the financial system

Market news

26 August 2015

The People's Bank of China injects 140 billion yuan into the financial system

The People's Bank of China (PBoC) injected 140 billion yuan (about €19 billion) into the financial system via a short-term liquidity operation on Wednesday. The central bank wants to support the country's economy and to calm down the markets.

The PBoC lowered the one-year benchmark bank lending rate by 25 basis points to 4.6% on Tuesday. One-year benchmark deposit rates were cut by 25 basis point, reserve requirements (RRR) were lowered by 50 basis points to 18% for most big banks.

U.S.: Durable Goods Orders ex Transportation , July 0.6% (forecast 0.4%)

Foreign exchange market. European session: the euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone

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