Free Trial

The People's Bank of China announced on its...>

CHINA
CHINA: The People's Bank of China announced on its website Monday morning that
it had injected CNY120 billion in liquidity via seven-day reverse repos, CNY110
billion via 14-day reverse repos and CNY70 billion via 28-day reverse repos. The
central bank raised its rate for 14-day reverse repos by 5 basis points, from
2.60% to 2.65%, on Monday, following the rate hike for seven-day and 28-day
reverse repos last Thursday, from 2.45% and 2.75% to 2.50% and 2.80%,
respectively. The PBOC said the operation aims to hedge the impact of tax
payments, government bonds issuance payments, maturing Medium-term Lending
Facilities (MLF) loans and maturing reverse repos, and to keep liquidity
conditions stable over all.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.