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China:  Injection of Liquidity Via OMO

CHINA RATES
  • The PBOC injected net CNY11bn in open market operations.
  • The PBOC sold CNY12.9bn of 7-day reverse repurchase agreements at 1.7% to offset maturities.
  • Operations are aimed at the maintenance of banking liquidity.
  • Today was the first injection following days of withdrawal to calm volatile markets.

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  • The PBOC injected net CNY11bn in open market operations.
  • The PBOC sold CNY12.9bn of 7-day reverse repurchase agreements at 1.7% to offset maturities.
  • Operations are aimed at the maintenance of banking liquidity.
  • Today was the first injection following days of withdrawal to calm volatile markets.