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China:  PBOC Injects CNY385bn

CHINA
  • With no maturities today, the PBOC injected CNY385bn via OMO in reverse repo this morning.
  • Since removing liquidity last week during equity market volatility, daily market injections have been used to support liquidity.
  • PBOC controls liquidity by selling papers and using repurchase agreements to remove funds from the interbank system.

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