PBOC Pumps 265 Billion Yuan into Banking System

Posted on 10/09/2012


The People’s Bank of China (PBOC) pumped 265 billion yuan (US$ 42.14 billion) into the country’s banking system to jolt their economy. The PBOC is attempting to lower money market rates. This is the second monetary injection in two weeks. In addition, this is the second largest liquidity injection of its nature in China. Over […]

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