Politics
PBOC Conducts Mid-Month Overnight Reverse Repo for First Time
Key Points
PBOC Conducts Mid-Month Overnight Reverse Repo for First Time China’s central bank injected liquidity through overnight reverse repos on Friday, marking its first such operation in the middle of a month. The People’s Bank of China conducted 349 billion yuan ($51.7 billion) of overnight reverse repos, it said in a statement. Taking into account one billion yuan of maturing seven-day reverse repo, the operation resulted in a net injection of 348 billion yuan into the banking system.
PBOC Conducts Mid-Month Overnight Reverse Repo for First Time
China’s central bank injected liquidity through overnight reverse repos on Friday, marking its first such operation in the middle of a month.
The People’s Bank of China conducted 349 billion yuan ($51.7 billion) of overnight reverse repos, it said in a statement. Taking into account one billion yuan of maturing seven-day reverse repo, the operation resulted in a net injection of 348 billion yuan into the banking system.