PBOC Carries Out Fourth Cash Injection Into Monetary System in a Week
Tang Shihua
DATE:  Jul 18 2019
/ SOURCE:  yicai

(Yicai Global) July 18 --  China's central bank pumped CNY100 billion (USD14.5 billion) into the  nation's financial system via open market operations today, the fourth  injection this week.

The bank injected the  funds via 7-day reverse repurchase agreements, with no previous reverse  repos maturing today. The interest rate was unchanged at 2.55 percent.

On July 15, PBOC net  injected CNY11.5 billion into the monetary system, specifically  targeting rural commercial banks. The lender proceeded with a sum of  CNY160 billion on the next day, and CNY100 billion yesterday.

Editor: Emmi Laine 

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Keywords:   Open Market Operation,Reverse Repo,Monetary System,PBOC