Caixin OnlineFinance & EconomicsTop Stories Finance Central Bank Injects Weekly Record 860 Bln Yuan into Economy
02.08.2013 14:07

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
By staff reporter Chen Fashan

(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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