People’s Bank of China injects RMB97 billion through open market operation
4 December, 2012, 11:41. Posted by Zarathustra
People’s Bank of China performed a new round of open market operation, making a total of RMB97 billion of liquidity available to the system.
Today’s operation include RMB59 billion of 7-day reverse repo at 3.35% and RMB38 billion of 14-day reverse repo at 3.45%. Rates are unchanged.
For the week, expiring reverse repo amounts to RMB253 billion, while expiring central bank bills amounts to RMB50. Including today’s operation, the PBOC remains in net withdrawal of RMB106 billion.
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.