People’s Bank of China injects RMB186 billion of liquidity through open market operation13 November, 2012, 11:44. Posted by Zarathustra
People’s Bank of China continues with its routine open market operation, injecting liquidity into the system through reverse repurchase agreements.
Today’s operation includes RMB78 billion of 7-day reverse repo at 3.35% and RMB108 billion of 28-day reverse repo at 3.60%. The rates are unchanged. A total of RMB186 billion is being offered.
This week’s expiring reverse repo amounted to RMB404 billion, and RMB52 billion of central bank will expire this week, which leaves the central bank net withdrawing RMB352 billion from the banking system. Including today’s operation, the central bank remains in a net withdrawal position, draining RMB184 billion from the system.
Another round of open market operation is expected on Thursday.