PBOC injects most liquidity in two months after money market rates surged

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China boosted liquidity injection into the banking system to the highest level in two months, to meet demand for higher cash demand before year-end.

The People’s Bank of China (PBOC) injected 200 billion yuan ($31 billion) of liquidity into the financial system through seven-day reverse repurchase agreements (repo), more than offsetting the 10 billion yuan coming due.

The move . . .

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