China’s central bank continues to inject liquidity into market

The People’s Bank of China, the country’s central bank, pumped 230 billion yuan (about 36 billion U.S. dollars) into the financial system through open market operations Friday.

The operations will help offset factors such as payment of taxes and central treasury cash management, and keep liquidity in the banking system at a reasonable and stable level, the People’s Bank of China said on its website.

Source: Jordan News Agency