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.
