
China’s central bank injects liquidity into market
BEIJING — China’s central bank on Monday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People’s Bank of China. The move aims to keep the liquidity in the banking system reasonably stable, the central bank said.







