PBOC increased short-term cash injection for first time since March, overnight borrowing costs drop the most in three months
STOCKS
PBOC increased short-term cash injection for first time since March, overnight borrowing costs drop the most in three months
STOCKS

PBOC increased short-term cash injection for first time since March, overnight borrowing costs drop the most in three months

 

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China’s central bank increased its short-term cash injection via daily open market operation for the first time since March to ease market concerns about liquidity conditions ahead of the quarter-end.

The People’s Bank of China (PBOC) injected 30 billion yuan liquidity into the banking system via seven-day reverse repurchase agreement (repo) on Thursday, while 10 billion yuan reverse repo expired, leaving a net 20 billion yuan injection.

The operation is of significance as it came after the PBOC conducted 10-billion yuan daily reverse repo operation for more than four months. The . . .

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