PBOC Injects USD4.6 Billion Into Financial System via OMOs
Dou Shicong
DATE:  Dec 24 2020
/ SOURCE:  Yicai
PBOC Injects USD4.6 Billion Into Financial System via OMOs PBOC Injects USD4.6 Billion Into Financial System via OMOs

(Yicai Global) Dec. 24 -- The People's Bank of China pumped CNY30 billion (USD4.6 billion) into the country's financial system via open market operations today to maintain steady liquidity.

The central bank conducted CNY30 billion in 14-day reverse repos at an interest rate of 2.35 percent, as well as CNY10 billion in seven-day reverse repos at 2.20 percent. Some CNY10 billion worth of previous reverse repos matured.

The central bank has injected CNY340 billion (USD52.1 billion) into the banking system over this week.

Editor: Emmi Laine

 

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Keywords:   PBOC,Reverse Repos