PBOC injects funds as year-end cash demand rises

By FXStreet FXStreet (Mumbai) – The People’s Bank of China (PBOC) added funds to the financial system as cash demand increased ahead of year-end and new public offerings, Bloomberg reports.

The central bank offered 30 billion yuan ($4.6 billion) of seven-day reverse-repurchase agreements in its open-market operations on Thursday at a yield of 2.25%, resulting in a net injection of 10 billion yuan this week.
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Source:: FX Street