PBOC injects $33.5 billion via reverse repos, rate unchanged

Dhwani Mehta FXStreet

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”.

USD/CNH: Bulls attack September 2019 top as US increases hardships for China

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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