PBoC Injects USD 22 Billion via SLOs

China’s central bank injected CNY 140 billion (USD 21.8 billion) into the interbank money market, another measure aiming to manage cash supply and ease extreme volatility in stock markets.

The injection comes via short-term liquidity operations (SLOs) that mature in six days with an average interest rate of 2.3 percent. 

The move comes after the Shanghai Composite Index closed in the red for the fifth straight session at its lowest since December last year and follows a 25bps benchmark rate cut the day before.

Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2015 11:17:55 AM