China pumped 140 billion yuan ($21.8 billion) into its economy on Wednesday, in the central bank’s latest bid to shore up slowing economic growth and waylay investors’ fears of a “hard landing.”
The People’s Bank of China (PBoC) injected billions of yuan into the interbank money market via a short-term liquidity operation, the bank said on its website.
The loans mature in six days and have an average weighted bid rate of 2.3 percent.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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