PBOC Pumps Six-Month Record USD68.6 Billion Into Monetary System This Week
Tang Shihua
DATE:  Jul 19 2019
/ SOURCE:  yicai

(Yicai Global) July 19 --   China's central bank put CNY471.5 billion (USD68.6 billion) into the  nation's financial system via open market operations this week, the  biggest sum in the past six months.

 Today,  the PBOC injected CNY100 billion via 7-day reverse repurchase  agreements, with no previous reverse repos maturing. The interest rate  was unchanged at 2.55 percent. 

The People's Bank of China pumped CNY460 billion into the monetary system via four reverse repurchase agreements this week. On July 15, it also targeted rural commercial banks with medium-term lending facility loans worth CNY11.5 billion in total.

Editor: Emmi Laine 

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Keywords:   Reverse Repo,Open Market Operation,PBOC