Yellen Gives Her Take on the Economy; Bank of Mexico Stays Pat; Bank of Russia Hikes Again; China's Sputtering Economic Recovery By James ChristieGood day. And China's central bank on Friday injected a record amount of liquidity into the financial system via one-year policy loans as its economic recovery shows signs of losing further momentum. When the central bank started its current series of increases in July, the key rate stood at 7.5%. In a statement, the central bank said rates would have to remain high for some time. The country's central bank on Friday pumped a net of about $112 billion into markets.

Source: Wall Street Journal December 15, 2023 12:24 UTC