August 09, 2024 01:26 GMT
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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