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China's central bank injects liquidity to help banks

  • Published 11 Jun 2010

The People's Bank of China (PBoC), central bank, injected Rmb 166bn through open market operations this week, according to data released on Friday, to ease a shortage of liquidity in the banking system.

The net injection was an increase from the Rmb 145bn and Rmb 14bn injected during the previous two weeks, and marked a break from the dominant trend of weekly liquidity withdrawals since Chinese New Year in mid-February.

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