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
