Jan 18 - PBOC Injected Liquidity via Reverse Repo of CNY 169 Billion

Source: Ministry of Commerce, ChinaScope Financial (Data)

+    The People’s Bank of China (PBOC) conducted 14-day reverse repurchase agreement operations worth CNY 169 billion yesterday.

+    The yield of the reverse repo is at 5.47%.

+    This operation is to inject market liquidity in order to meet the high demand for cash during the Chinese New Year holidays.

+    Related Data: Open Market Operation by PBOC

Instead of lowering the required reserve ratio, PBOC chose the 14-day reverse repurchase agreement to inject liquidity into the market before Chinese New Year.

For more data about monetary policy, please visit www.chinascopefinancial.com

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