The People's Bank of China Friday announcement:
to inject 400 billion yuan into its banking system via outright reverse repos on June 16six months tenorLast week the Bank injected 1 trillion yuan in reverere repos in the 3-month tenor
The background to this is that the PBoC has been very carefully managing the liquidity conditions this year to aid the broad economy.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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