Chinese Central Bank Undertakes 240 Billion Yuan in 7-Day Reverse Repos

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The People’s Bank of China (PBOC) made a net injection of 240 billion yuan (approx. USD$33.49 billion) into the Chinese monetary system on 28 May via seven-day reverse repo agreements.

The rate was left unchanged compared to the previous operation at 2.20%. No reverse repo agreements matured on the same date.

According to PBOC the injection was for the purpose of keeping liquidity “rationally ample.”

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