Economy

Central bank injects $24.3b into market this week

(Xinhua)
Updated: 2010-06-10 14:07

BEIJING - The People's Bank of China (PBOC), the central bank, injected a total of 166 billion yuan ($24.3 billion) into the market this week through bill issues and repurchase agreements.

In its regular open market operations on Thursday, the central bank auctioned 10 billion yuan ($1.46 billion) worth of three-month bills with a yield of 1.5704 percent, up 4.04 basis points from June 3.

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The central bank also raised 10 billion yuan through 91-day repurchase agreements on Thursday with a yield of 1.57 percent, up 16 basis points from previous repurchase agreement operations.

Thursday's operations brought the weekly total raised to 45 billion yuan ($6.6 billion), but a total of 211 billion yuan ($30.9 billion) matured this week, resulting in a net weekly injection of cash.

The PBOC has realized net injections of money into the market for three straight weeks in a row.