The People's Bank of China (PBC) said on Monday it injected 191.5 billion yuan into the banking system through seven-day reverse repurchase agreements at an interest rate of 1.40 per cent. The short-term liquidity move is part of the central bank's regular open market operations. In a reverse repo, the PBC buys securities from commercial banks with an agreement to sell them back later, helping manage liquidity conditions. Attribution: Amwal Al Ghad English
