The People's Bank of China (PBOC) conducted several reverse repo operations, injecting significant liquidity into the market. On Friday and Sunday, the central bank injected 2 billion yuan via 7-day reverse repos at a consistent rate of 1.80%. On Tuesday, a substantial injection of 440 billion yuan was made on the last trading day before the May Day holiday, with a net injection of 438 billion yuan, maintaining the same interest rate. The PBOC also adjusted the yuan's mid-point to 7.1063 against the dollar from a previous close of 7.2250, reflecting a stronger yuan.
#PBOC injects net 438 bn yuan #liquidity via 7-day reverse repo on Tue https://t.co/haGgRmRP6L https://t.co/OWSc8nsO8p
⚡PBOC conducted 440 billion yuan of the 7-day RRP on Tuesday, the net injection comes to 438 bln yuan as 2 bln yuan due today. *Today is the last trading day for China before the 5-day May Day holiday. #China #liquidity https://t.co/QBBirAlx20
CHINA https://t.co/uuSk61aHqj INJECTS 440 BILLION YUAN VIA 7-DAY REVERSE REPOS AT 1.80%: PRIOR RATE ALSO 1.80%
PBoC To Inject CNY440Bln Via 7 Day Reverse Repos At 1.8% In Open Market Ops
YUAN MID-POINT SET AT 71063 PER DOLLAR, COMPARED TO PREVIOUS CLOSE OF 7.2250
PBOC SETS YUAN MID-POINT AT 7.1063 / DLR VS LAST CLOSE 7.2250
PBOC conducts 2 billion yuan of 7-day reverse repo on Sunday. #China #liquidity
PBOC SELLS 2 BILLION YUAN OF 7-DAY REVERSE REPO AT 1.8%
⚡PBOC conducted 2 billion yuan of the 7-day RRP on Friday, offsetting the 2 billion yuan due today. China's reverse repo injections match maturities this week. #China #liquidity https://t.co/7yzJqX1DtK
CHINA https://t.co/uuSk61aHqj INJECTS 2 BILLION YUAN VIA 7-DAY REVERSE REPOS AT 1.80%: PRIOR RATE WAS 1.80%.