China central bank injects 600 billion yuan through overnight reverse repos

SHANGHAI: China’s central bank conducted ​overnight reverse repo operations ‌again on Tuesday, offering 600 billion ​yuan ($88.3 billion) to ​financial institutions, it said ⁠in an online ​statement, without disclosing ​the borrowing cost.

The People’s Bank of China (PBOC) also ​said it injected ​69.5 billion yuan through seven-day ‌reverse ⁠repos, with the rate unchanged at 1.4%, according to ​the ​statement.