China Adds Liquidity for First Time Since June as Risks Grow

By Tania Chen

18 Jul 2022 · 2 min read

Bloomberg reports on the latest move from China's central bank and discusses the impact of additional liquidity.

Curated by informed

China's central bank injected additional liquidity into the financial system for the first time since June as a growing mortgage-payment boycott and a virus flareup leads to a sense of crisis.

The People's Bank of China boosted the size of its daily short-term cash operation to 12 billion yuan ($1.8 billion) from 3 billion yuan, resulting in a modest net injection of 9 billion yuan, the first overall infusion since June 30.

The news, curated.

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