PBOC Completes Third Cash Injection Into Monetary System This Week
Tang Shihua
DATE:  Jul 17 2019
/ SOURCE:  yicai

(Yicai Global) July 17 -- China's central bank pumped CNY100 billion (USD14.5 billion) into the nation's financial system via open market operations today, the third injection this week after a long hiatus earlier this month.

The sum was conducted in  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 put  CNY11.5 billion into the monetary system, targeting rural commercial  banks. The next day, it proceeded with a sum of CNY160 billion.

Editor: Emmi Laine 

Follow Yicai Global on
Keywords:   Open Market Operation,Cash Ingection,Reverse Repo