PBOC injects 17B yuan into interbank market

07/29/2013 | Market News International · Bloomberg · Reuters

For the first time in nearly six months, the People's Bank of China has responded to surging money market interest rates by injecting funds into the interbank market. The 17 billion yuan added is viewed by traders as a signal that the central bank is prepared to improve liquidity, after severe volatility in June. The money was injected through seven-day reverse repos.

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Market News International · Bloomberg · Reuters

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