A bank clerk counts RMB in a bank in Haian, Jiangsu province, on April 4, 2020. [Photo/Sipa]
BEIJING, May 27 (China Daily/ANN) -- China's central bank pumped cash into the banking system via reverse repos to maintain liquidity on Wednesday.
The People's Bank of China injected 120 billion yuan (about $16.8 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent.
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