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Central bank pumps more money into market

Xinhua, June 19, 2016 Adjust font size:

China's central bank pumped 250 billion yuan (38.5 billion U.S. dollars) into the market this week to ease liquidity.

The People's Bank of China (PBOC) conducted 40 billion yuan and 30 billion yuan on Friday and Thursday in seven-day reverse repos.

Both injection were priced to yield 2.25 percent, unchanged from Wednesday's injection of 65 billion yuan and Tuesday's injection of 75 billion yuan, according to a PBOC statement.

The move followed a net injection of 40 billion yuan on Monday, said the PBOC. Endit