The People's Bank of China (PBOC) has been actively managing liquidity through a series of 7-day reverse repo operations. On Thursday, the PBOC injected 50 billion yuan into the market at a rate of 1.8%, resulting in a net injection of 40 billion yuan after accounting for 10 billion yuan due that day. The total weekly net injection amounted to 352 billion yuan. However, on Wednesday and Tuesday, the PBOC injected only 2 billion yuan each day, while significantly larger amounts of 50 billion yuan and 300 billion yuan, respectively, were due, leading to net drains of 48 billion yuan and 298 billion yuan from the market. These operations, conducted at a rate of 1.80%, indicate the central bank's efforts to balance liquidity in the banking system, according to a statement.
#PBOC injects 2 bn yuan liquidity to banking system via 7-day reverse repo on Tue, while 300 bn yuan reverse repo expires, leaving net 298 bn yuan drained from market. A day earlier, PBOC drained net 48 bn yuan liquidity from the market. https://t.co/haGgRmRP6L
⚡PBOC injected 2 billion yuan of the 7-day reverse repo on Tuesday. A net of 298 billion yuan will be drained from the market as 300 billion yuan is due today. #China #liquidity https://t.co/2uopsU1Wji
CHINA CENTRAL BANK INJECTS 2 BLN YUAN VIA 7-DAY REVERSE REPOS AT 1.80% VS PRIOR 1.80% - STATEMENT
⚡PBOC injected 2 billion yuan of the 7-day reverse repo on Wednesday. A net of 48 billion yuan will be drained from the market as 50 billion yuan is due today. #China #liquidity https://t.co/2uopsU1Wji
⚡PBOC injected 50 billion yuan of the 7-day reverse repo on Thursday. A net of 40 billion yuan will be injected into the market as 10 billion yuan is due today. The weekly injection comes to 352 billion yuan on a net basis. #China #liquidity https://t.co/TtdBuk6kWJ
PBoC injects 50 billion Yuan via 7-day reverse repos at a rate of 1.8% https://t.co/pJUy0TsBHg