China’s Central Bank pumps in USD 25 billion to boost liquidity

Q.  China central bank has pumped in USD 25 bn to boost liquidity and end the strain on the world’s second largest economy. What is its name?
- Published on 22 Feb 16

a. Central Bank of China
b. People’s Bank of China
c. Common Bank of China
d. National Bank of China

ANSWER: People’s Bank of China
 
PBOC/People’s Bank of China has pumped in 163 billion yuan or USD 25 billion into 30 financial institutions to ease liquidity in the second largest economy of the world. It is currently witnessing sluggish growth and PBOC pumped money into the financial system in open money market operations via medium term lending facility.

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