China's central bank adds cash to financial system

Note: This section contains information in English only.
Source: RTT News
© Scanpix/RS

The People's Bank of China injected cash into the country's financial system in order to increase liquidity as long public holiday is approaching and as demand for short-term funds rises for shopping and travel. The Chinese central bank added CNY 88 billion using 6-day reverse repos, while the interbank market's borrowing costs increased in last few days.


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