The PBOC provides the money market with another liquidity rush, injecting 265B yuan ($42.14B) by...

|By:, SA News Editor

The PBOC provides the money market with another liquidity rush, injecting 265B yuan ($42.14B) by offering reverse repurchase agreements. It's the PBOC's second-largest ever daily fund injection after the 290B yuan of reverse repos the bank offered on Sep 25. Traders say the move could reduce China's money market rate and so lower corporate financing costs.