China central bank steps up daily injection, offers $1.8 bln
- Country:
- China
China's central bank stepped up cash injections through open market operations on Monday, snapping a 10-day streak of a minimal 3 billion yuan ($444.61 million) of daily offering.
The People's Bank of China (PBOC) injected 12 billion yuan via seven-day reverse repurchase agreement at a cost of 2.1%, a statement online showed.
With 3 billion yuan worth of the short-term liquidity tool due on Monday, the PBOC injected a net 9 billion yuan. ($1 = 6.7475 Chinese yuan renminbi)
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