People’s Bank of China injects RMB135 billion of liquidity in open market operation
27 November, 2012, 10:45. Posted by Zarathustra
People’s Bank of China continues with its routine twice-a-week open market operation, injecting RMB135 billion of liquidity to the system.
Today’s operation includes RMB70 billion of 7-day reverse repo at 3.35% and RMB65 billion of 28-day reverse repo at 3.6%. Rates are unchanged.
This week, RMB269 billion of reverse repo and RMB15 billion of central bank bills expire. Including today’s operation, the central bank remains at a net drainage position of RMB119 billion.
Source: PBOC
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.