PBOC Launches USD25.5 Billion in OMOs
Dou Shicong
DATE:  Jun 24 2020
/ SOURCE:  Yicai

(Yicai Global) June 24 -- The People's Bank of China net injected CNY180 billion (USD25.5 billion) into the country's financial system via open market operations today. The central bank has added a total of CNY500 billion this week.

The central bank conducted CNY180 billion worth of seven-day reverse repos with an interest rate of 2.20 percent. No previous such types of repurchase agreements expire today.

A total of CNY120 billion of reverse repos are due to mature on June 25 and 26 but will be postponed till next week after the country's Dragon Boat Festival ends.

Editor: Emmi Laine

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Keywords:   PBOC,Reverse Repo,OMOs