People's Bank of China makes a record liquidity injection

Note: This section contains information in English only.
Source: Financial Times
China's central bank injected the biggest weekly amount of cash into the financial system to ease a liquidity crunch that had raised borrowing costs. The PBC poured 365 bn Yuan ($58 bn), a record high weekly amount, into money markets during the past three days via reverse repurchase agreements. The seven-day repurchase yield immediately dropped 1 percentage point from 4.75%, a 3-week high.
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Thu, 27 Sep 2012 10:06:30 GMT

Oil rebounds as recent drops seen exaggerated

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Thu, 27 Sep 2012 09:11:28 GMT

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