Chinese Central Bank Makes Net Injection of 50 Billion Yuan on 13 July via 7-Day Reverse Repos

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On Monday 13th July the People’s Bank of China (PBOC) undertook 50 billion yuan (USD$7.14 billion) in reverse repo operations at a rate of 2.20%, on par with the last operation.

Given that no reverse repo instruments matured on the same date, PBOC’s actions on Monday resulted in a net injection of 50 billion yuan into China’s monetary system.

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