China central bank pumped US$60b into banks on Nov, Dec to aid economy

Published Wed, Feb 4, 2015 · 10:09 AM

[BEIJING] China's central bank injected 375 billion yuan (US$60.0 billion) worth of three-month loans into large Chinese banks in November and December, it said in a statement on Wednesday.

The loans were aimed at lowering borrowing costs to support the real economy, the People's Bank of China said.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here