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Central Bank Injects Weekly Record 860 Bln Yuan into Economy
Central Bank Injects Weekly Record 860 Bln Yuan into Economy
In face of tighter liquidity ahead of major holiday, PBOC conducts pair of reverse repo transactions two days apart
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(Beijing) – The People's Bank of China conducted 410 billion yuan in reverse repo transactions on February 7, bringing the total liquidity injection into the economy to a record 860 billion yuan.
Amid rising demand for capital and just before the major February 9-15 Spring
Festival, the weekly liquidity injection was surpassed only by a 568 billion
injection through two reverse repos in October.
On February 5, the
central bank carried out a 450 billion yuan reverse repo.
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