MARKET FLASH: China injects 140 bn yuan via short-term liquidity operations
The PBOC launched SLOs in 2013 to supplement its other monetary policy tools
![MARKET FLASH: China injects 140 bn yuan via short-term liquidity operations](https://media.bareksa.com/cms/media/assets/image/2014/05/6517_66e4986680d194ab14b75eca88f72842.jpg)
The PBOC launched SLOs in 2013 to supplement its other monetary policy tools
Bareksa.com - China's central bank said on Wednesday it injected 140 billion yuan ($21.8 billion) into the interbank money market via short-term liquidity operations (SLOs).
The loans, which mature in six days, have an average interest rate of 2.3 percent, the People's Bank of China (PBOC) said in a statement on its website.
The PBOC launched SLOs in 2013 to supplement its other monetary policy tools. The facility is mainly used to provide one- to three-day direct lines of credit to commercial banks, though loans with other maturities are occasionally used. (Source: Reuters)
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