BEIJING, Nov. 20 (Xinhua) -- China's central bank pumped 990 billion yuan (145.6 billion U.S. dollars) into the inter-bank market this week to ease liquidity.
The People's Bank of China (PBOC) injected 270 billion yuan and 225billion yuan, respectively, on Friday and Thursday, through reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.
On Wednesday and Tuesday, the PBOC injected 140 billion yuan and 185 billion yuan, respectively, through reverse repos, according to the PBOC website.
The move followed a net injection of 170 billion yuan through reverse repos on Monday, according to the PBOC.
The central bank has adopted reverse repos and other liquidity operations to ease money shortages in the market more frequently this year, rather than cuts in interest rates or the reserve requirement ratio.
Enditem
A single purchase
