PBOC injects 150 bln Yuan into banks via short-liquidity operations

By FXStreet FXStreet (Mumbai) – The PBOC injected 150 billion yuan ($22.80 billion) into banks on Wednesday through its short-term liquidity operations (SLO) tool, the Chinese central bank said in a statement on its website.

The SLO injection for 6 days will be conducted at the interest rate of 2.25%, the bank noted. No details were provided.

The PBOC injected 55 billion yuan via a 3-day SLO on Monday. It also injected 410 billion yuan into the nation’s banking system via its medium-term lending.
The central bank said on Tuesday that it would inject over 600 billion yuan to help ease a liquidity squeeze expected before the Lunar New Year in early February.

The PBOC launched SLOs in 2013 to supplement its other monetary policy tools.
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Source:: FX Street