Central bank injects liquidity into market

BEIJING, May 27 (Xinhua) -- China's central bank injected funds into the monetary market on Monday to maintain ample liquidity in the banking system.

The People's Bank of China conducted 80 billion yuan (about 11.6 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent.

No reverse repos will mature on Monday.

A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.