PBOC in Largest Ever Fund Injection, Signals Looser Money

From cnbc.com

China's central bank conducted its largest-ever net fund injection this week, signaling an intention to keep money market conditions relatively loose to support lending to the real economy. The PBOC injected 173 billion yuan ($27.74 billion) into the money markets through reverse bond repurchase agreements on Thursday, traders said, meaning it will inject a net 379 billion yuan into the market this week. That marks the largest weekly net fund injection via open market operations since records began. The large fund injection this week is somewhat surprising given that money market rates were already trending downward. ... (full story)