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