PBOC injects a net 70 bln Yuan this week via OMOs

Dhwani Mehta FXStreet

China’s central bank, the PBOC injects a net 70 bln Yuan from the market for the week via Open Market Operations (OMOs), versus a net drainage of 170 bln Yuan a week ago, Reuters reports.

Meanwhile, the PBOC injects CNY 40 bln via 7 day reverse repos, CNY 20 bln via 14 day reverse repos and CNY 20 bln via 28 day reverse repos, traders cited.

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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