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PBOC injects 55 bln Yuan into banks via short-liquidity operations

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - PBOC injected 55 billion yuan or $8.36 billion into the banking system on Monday via its short-term liquidity operations (SLO) tool, the Chinese central bank said in a statement on its website.

    The SLO injection for 3 days will be conducted at the interest rate of 2.10%, the bank noted. No details were provided.

    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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