PBOC injects 700 billion yuan via reverse repo in five days, analysts say RRR cut basically unlikely this year

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Chinese central bank injected 700 billion yuan liquidity to the banking system via open market operations in five trading days. Analyst say the recent operations show that a cut in banks' reserve requirement ratio (RRR) is basically unlikely this year.

The People’s Bank of China (PBOC) injected 200 billion yuan of liquidity to the banking system via 7-day reverse repurchase agreement on Tuesday, with interest rate unchanged at 2.2 per cent, while . . .

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