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

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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.
    For more information, read our latest forex news.

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