Money - International
China central bank to inject US$174b via reverse repos tomorrow
Sunday, 02 Feb 2020 3:50 PM MYT
BEIJING, Feb 2 — China’s central bank said it will inject 1.2 trillion yuan (US$173.8 billion) worth of liquidity into the markets via reverse repo operations tomorrow, as the country battles a new coronavirus outbreak.
The People’s Bank of China made the announcement in a statement published on its website today. It also said that the total liquidity in the banking system will be 900 billion yuan higher than the same period in 2019. — Reuters
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