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Central Bank Steps Up Liquidity Infusion
Financial Express Lucknow
|January 01, 2025
CHINA'S CENTRAL BANK injected 1.7 trillion yuan ($233 billion) of cash in December, dialing up liquidity support for the economy and financial markets at year-end.
The People's Bank of China conducted 1.4 trillion yuan in outright reverse repurchase agreements using three- and six-month contracts, aiming to maintain sufficient liquidity in the banking system, it said in a statement Tuesday. This follows injections of 800 billion yuan and 500 billion yuan in the past two months through the new tool introduced in October.
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