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Central bank pumps more money into market

Xinhua, July 9, 2016 Adjust font size:

China's central bank pumped 195 billion yuan (29.5 billion U.S. dollars) into the market this week to ease liquidity.

The People's Bank of China (PBOC) conducted 20 billion yuan and 15 billion yuan on Friday and Thursday through seven-day reverse repos.

Both injections were priced to yield 2.25 percent, unchanged from Wednesday's injection of 30 billion yuan and Tuesday's injection of 40 billion yuan, according to a PBOC statement.

The move followed a net injection of 90 billion yuan on Monday, said the PBOC. Endit