November 29, 2024 01:35 GMT
CHINA: Central Bank Drains Liquidity Ahead of Month End.
CHINA
- PBOC issues CNY479bn of 7-day reverse repo at 1.5%.
- Today’s maturities CNY635.1bn.
- Total liquidity withdrawal CNY 156.1bn.
- The PBOC monitors and maintains liquidity through the issuance of reverse repo.
Throughout November, the PBOC has been consistently injecting liquidity only to begin to withdrawal leading into month end.
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