Chinese Central Bank Undertakes 40 Billion Yuan in Reverse Repos on 24 December for Net Injection of 30 Billion

475

The People’s Bank of China (PBOC) announced that it undertook 40 billion yuan in reverse repo operations on 24 December.

This included 10 billion yuan in 7-day reverse repos at a rate of 2.2%, and 30 billion yuan in 14-day reverse repos at a rate of 2.35%, for rates that were on par with PBOC’s preceding reverse repo operation.

Data from Wind indicates that 10 billion yuan in reverse repos matured on 24 December, for a net injection of 30 billion yuan that day.

PBOC said that its open market operations were for the purpose of maintaining stable liquidity at the end of the year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here