PBOC injects CNY 50 billion via OMOs into market

Dhwani Mehta FXStreet

On Monday, the People’s Bank of China (PBOC), the Chinese central bank, injected 50 billion yuan (about 7.27 billion US dollars) into the financial system through open market operations (OMO) to maintain liquidity in the market.

The PBOC pumped cash via seven-day reverse repos at 2.25%.

No reverse repos matured on Monday.

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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