PBOC Pumps 105b Yuan into Money Market this Week-Shanghai Metals Market

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PBOC Pumps 105b Yuan into Money Market this Week

Data Analysis 10:33:55AM Jul 09, 2010 Source:SMM

BEIJING, July 9 -- The People's Bank of China (PBOC), or the central bank, injected 105 billion yuan ($15.5 billion) into the money market this week through its regular open market operations to increase short-term liquidity.

It was the seventh straight week that the PBOC has acted to boost liquidity in the money market with net injection.

This week's action also brought the central bank's net injection into the money market to 900 billion yuan over the past seven weeks.
 

PBOC Pumps 105b Yuan into Money Market this Week

Data Analysis 10:33:55AM Jul 09, 2010 Source:SMM

BEIJING, July 9 -- The People's Bank of China (PBOC), or the central bank, injected 105 billion yuan ($15.5 billion) into the money market this week through its regular open market operations to increase short-term liquidity.

It was the seventh straight week that the PBOC has acted to boost liquidity in the money market with net injection.

This week's action also brought the central bank's net injection into the money market to 900 billion yuan over the past seven weeks.