PBOC Injects USD13.8 Billion Into Financial System by OMOs
Dou Shicong
DATE:  Dec 21 2020
/ SOURCE:  Yicai
PBOC Injects USD13.8 Billion Into Financial System by OMOs PBOC Injects USD13.8 Billion Into Financial System by OMOs

(Yicai Global) Dec. 21 -- The People's Bank of China added CNY90 billion (USD13.8 billion) to the country's financial system via open market operations today.

The central bank conducted CNY10 billion worth of seven-day reverse repos with an interest rate of 2.20 percent. It also carried out CNY100 billion (USD15.3 billion) in 14-day reverse repos with a 2.35 percent rate. Some CNY20 billion worth of such short-term lending instruments matured today.

Last week, the PBOC injected a total of CNY560 billion into the banking system to maintain its liquidity.

Editor: Emmi Laine
 

Follow Yicai Global on
Keywords:   PBOC,Reverse Repo