China’s central bank injected funds into the financial system through open market operations on Monday.
The People’s Bank of China said on its website that it has conducted 2 billion yuan (about 290.68 million U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.
The move is aimed at keeping liquidity reasonable and ample in the banking system, according to the central bank.
Source: Lao News Agency