PBOC injects a net 100 bln Yuan this week via OMOs

Dhwani Mehta FXStreet

China’s central bank, the PBOC injected a net 100 bln Yuan for the week via open market operations (OMOs), versus a net 595 bln drain last week.

For today, the Chinese central bank injected 10 bln Yuan through 7 day reverse repos, and injected 60 bln yuan through 28-day reverse repos, MNI quoted traders. The PBOC gauged the demand for 14-day reverse repos, but did not conduct any operations.

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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