China Central Bank Injects Record Cash Into Money Market

“China’s central bank on Tuesday injected CNY 450 billion into the money markets through open market operations, reports said. This was the largest ever single-day injection.  The People’s Bank of China conducts repurchase agreements and offers bills to maintain short-term liquidity. The bank has introduced more funds as liquidity tightened ahead of the Chinese Spring Festival holiday.”

http://news.ino.com/headlines/?newsid=20520130148

The Freedom Watch Staff

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