China Extends Cash Injections to Curb Month-End Rate Swings
The People's Bank of China (PBOC) building in Beijing.
Source: Bloomberg
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China’s central bank boosted short-term cash injection into the banking system for the 11th straight day, the longest streak this year, as it sought to calm investor concerns over a liquidity squeeze around month-end.
The People’s Bank of China provided more short-term cash through seven-day reverse repurchase agreements on Friday, bringing the net injection tally since April 17 to 673 billion yuan ($97 billion), Bloomberg calculations show.