Chinese CB pumps 100B yuan in the the system to avoid liquidity crisis

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The Chinese central bank pumped another 100 billion yuan into China’s banking system on Monday. It has been reported by the state Xinhua media.

The interest rate on the 14-day reverse repos is 2.35 percent, according to the People’s Bank of China.

There are serious concerns about the Chinese financial system due to the impending demise of property developer Evergrande, which is struggling with an immense debt of about 300 billion dollars. So last week, the Chinese central bank already carried out a number of such operations.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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