China’s central bank pumps $173bn into economy to heal damage from coronavirus outbreak ...News

Russia Today - Economy

The People’s Bank of China (PBOC) will allocate a hefty sum to stabilize the currency market and ensure there is enough liquidity in the country’s financial institutions, which remain thwarted by the sweeping coronavirus epidemic. PBOC has announced that it will deploy as many as 1.2 trillion yuan ($173 billion) “in order to maintain reasonable and abundant liquidity of the banking system and stable operations of the currency market” during China’s fight against the novel virus. That money will arrive on Monday when Chinese markets reopen after a 12-day pause. Investors expect volatility as China’s currency, bond and stock markets hav

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China’s central bank pumps $173bn into economy to heal damage from coronavirus outbreak ...News

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