PBoC Injects Further USD 9.4 Billion into Economy


China’s central bank injected an additional CNY 60 billion (USD 9.4 billion) into the interbank money market via short-term liquidity operations (SLOs) on August 28th 2015.

It is the second injection this week, following CNY 140 billion SLOs loans two days ago. Earlier this week, policymakers lowered its benchmark interest rate by 25 bps and cut reserve requirements for banks by 50 bps.

The move comes after the Shanghai Composite Index closed in the green for the second straight session on Friday, up 4.82 percent, erasing some of the week losses. Yet, the stock market lost 7.9 percent during the week, following an 11.5 percent decline in the previous week.

PBoC Injects Further USD 9.4 Billion into Economy


Joana Taborda | joana.taborda@tradingeconomics.com
8/28/2015 11:00:05 AM