It refused to inject liquidity, arguing that it could not and should not ease the indigestion in the interbank market.

He was less quick at doing what the banking system needed, which was to inject liquidity into the system.

On the contrary: the frantic efforts of central banks to inject liquidity into the financial system has led to a surge in the supply of money.

As others followed suit, though, the government would have to take control of the central bank and order it to print a new currency to inject liquidity into the system.

Repo operations therefore inject liquidity into the system.