The People's Bank ofChina Friday announcement:to inject 400 billion yuan into its banking system via outright reverse repos on June16six months tenorLast week the Bank injected 1 trillion yuan in reverere repos in the 3-monthtenorthe injections aim to offset the record 4 trillion yuan ininterbank negotiable certificate of deposit (NCD) maturities thismonthupcomingliquidity demands will likely require further injections by thePBOC,The background to this is that the PBoC has been very carefully managing the liquidity conditions this yearto aid the broad economy. This article was written by Eamonn Sheridan at www.forexlive.com.