People’s Bank of China injects RMB91 billion of liquidity via open market operation15 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.