China money rate drops as central bank injects funds through reverse repos
Shanghai
CHINA'S benchmark money-market rate fell on Tuesday as the People's Bank of China (PBOC) added funds to the financial system, ensuring cash supply as demand spikes before the Chinese New Year holidays.
The central bank conducted 60 billion yuan (S$13.1 billion) of reverse repurchase operations for seven and 28 days, keeping rates close to market levels.
TRENDING NOW
MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat
‘My grandfather’s legacy’: Sherman Kwek lays out three-year plan for CDL to drive returns
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check
