PBOC net drain of liquidity on first trading day after week-long holiday adds to market concerns about tightening

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

The People's Bank of China (PBOC) injected 20 billion yuan liquidity to the banking system via seven-day reverse repurchase agreements (repos) on Thursday, the first trading day after the week-long Spring Festival holidays, while 280 billion yuan worth of reverse repo expires on the same day, leaving a net 260 billion yuan liquidity drained from the market via the open market operation.

The central bank also offered 200 billion yuan of liquidity via its medium-term lending facility (MLF), to roll over the 200 billion MLF loans that mature this month. The interest rate . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE