SHANGHAI :
PBOC Injects USD2.85 Billion Into Financial System by OMOs
Dou Shicong
DATE:  Jul 31 2020
/ SOURCE:  Yicai
PBOC Injects USD2.85 Billion Into Financial System by OMOs PBOC Injects USD2.85 Billion Into Financial System by OMOs

(Yicai Global) July 31 -- The People's Bank of China net injected CNY20 billion (USD2.85 billion) into the financial system via open market operations today to preserve sufficient cash flows.

The central bank conducted a seven-day reverse repo of CNY20 billion at an interest rate of 2.20 percent this morning. No previous OMOs matured today.

The PBOC injected a total of CNY280 billion via OMOs into the banking system this week, against CNY160 billion previous ones maturing, thus increasing the liquidity by CNY20 billion for the week.

Editor: Ben Armour

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Keywords:   PBOC,Reverse Repos