People’s Bank of China injects RMB91 billion of liquidity via open market operation
15 November, 2012, 12:06. Posted by Zarathustra
People’s Bank of China conducts its routine open market operation today, injecting RMB91 billion liquidity into the system.
Today’s operation includes RMB42 billion of 7-day reverse repo at 3.35% and RMB49 billion of 14-day reverse repo at 3.45%. Rates remain unchanged.
For the whole week, PBOC withdraws a net RMB93 billion of liquidity from the system, the second consecutive week of net withdrawal after the record injection 3 weeks ago. Short-term interest rates remain relative stable for the time being despite net liquidity withdrawal.
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.