People’s Bank of China injects RMB145 billion liquidity through open market operation
8 November, 2012, 11:22. Posted by Zarathustra
People’s Bank of China continues with the routine open market operation today, injecting RMB145 billion of liquidity into the banking system.
The central bank conduct RMB65 billion of 7-day reverse repo at 3.35% and RMB80 billion of 14-day reverse at 3.45%. Rates remain unchanged for this round of injection.
For the entire week, despite sizeable injection, the central bank is in net withdrawal position as expiring reverse repos are larger than this week gross injection. As a result, PBOC withdraws RMB101 billion from the banking system for the week.
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.