PBOC Undertakes 20 Billion Yuan in Reverse Repo Operations on 28 December for Net Injection of 10 Billion Yuan

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The People’s Bank of China (PBOC) announced that it undertook 20 billion yuan in reverse repo operations on 28 December.

This included 20 billion yuan in 7-day reverse repos with a rate of 2.20%, the same as the previous operation.

Data from Wind indicates that 10 billion yuan in reverse repos matured on 28 December, for a net injection of 10 billion yuan.

A total of 80 billion yuan in reverse repos are scheduled to mature this week, including 10 billion yuan each day from 28 – 31 December, and 40 billion yuan on 1 January 2021.

PBOC said that its open market operations on 28 December were for the purpose of maintaining stable liquidity at the end of 2020.

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