PBOC injects $33.5 billion via reverse repos, rate unchanged
|Amid US-China trade escalation induced Yuan sell-off, the People’s Bank of China (PBOC) injection liquidity into the financial system for the third consecutive day.
The Chinese central bank injected 240 billion yuan ($33.49 billion) via seven-day reverse repurchase agreements at 2.20%. The rate was left unchanged from its previous operation.
The PBOC said the additional liquidity injections are to keep banking system liquidity “reasonably ample”.
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