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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuan

PBOC China Monetary Policy

China's central bank expanded its overnight liquidity support on Tuesday, injecting 600 billion yuan ($88.3 billion) into the banking system through overnight reverse repo operations, doubling the amount provided during the tool's debut a day earlier, according to an official statement reported by Reuters.

The People's Bank of China (PBOC) kept the borrowing cost on the overnight reverse repos unchanged at 1.25%, maintaining the rate introduced when the new liquidity facility was launched on Monday.

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