Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's central bank injects cash into market via PSL

February 21, 2019


Abstract : China's central bank on Thursday injected cash into the market through pledged supplementary lending (PSL) to maintain reasonable interbank liquidity.

BEIJING, Feb. 21 (Xinhua) -- China's central bank on Thursday injected cash into the market through pledged supplementary lending (PSL) to maintain reasonable interbank liquidity.

The PSL came in at 71.9 billion yuan (about 10.7 billion U.S. dollars) and was designed to offset the liquidity pressure from tax payments and treasury deposits coming due, according to a statement of the People's Bank of China (PBOC).

The PBOC skipped reverse repos, another cash-injecting tool, on Thursday.

The overnight Shanghai Interbank Offered Rate, which measures the borrowing cost on China's interbank market, rose 17.6 basis points to 2.03 percent Thursday.

Scan the QR code and push it to your mobile phone

Keyword: cash PBOC liquidity

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial