China injects $24.3B into financial system to boost liquidity

06/11/2010 | (China)

China's central bank pumped $24.3 billion into its financial system this week, moving to counter a quickly tightening money supply. The People's Bank of China executed the money injection through the use of repurchase agreements and bill issuance. It marked the third consecutive week of net injections by the central bank.

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