China Boosts Cash Injection Into Banking System Before Month-End
- PBOC injects 100 billion yuan via reverse repo operation
- China’s 7-day repo rate rises to highest since January 30
The People's Bank of China (PBOC) in Beijing.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
China’s central bank boosted its short-term liquidity injection in anticipation of cash tightness ahead of month end.
The People’s Bank of China increased its cash injection via reverse repos to 100 billion yuan ($15.8 billion). That resulted in a net injection of 90 billion yuan. The PBOC had been draining cash in the last two weeks, which is routine following the Lunar New Year holidays.