People’s Bank of China injects RMB89 billion of liquidity in open market operation22 November, 2012, 11:57. Posted by Zarathustra
People’s Bank of China offers RMB89 billion of liquidity through open market operation today.
Today’s open market operation includes RMB46 billion of 7-day reverse repo at 3.35% and RMB43 billion of 14-day reverse repo at 3.45%. Rates are unchanged.
For the whole week, PBOC net drains RMB24 billion from the banking system, the third consecutive week of net liquidity withdrawal after the record injection in late October/early November. For the time being, short-term interest rates remain stable despite net withdrawal.