PBoC Injects USD 15.2 Billion into Economy


China’s central bank injected CNY 100 billion (USD 15.2 billion) into the financial system via reverse repos on February 2nd 2016. The central bank increased the frequency of open market operations between January 29 and February 19 to maintain liquidity before and during the Lunar New Year holidays.

The cash infusion comes through CNY 50 billion of 14-day reverse repos at an interest rate of 2.4 percent and an additional CNY 50 billion through 28-day reverse repos at an interest rate of 2.6 percent.

In the previous day, the central bank injected CNY 10 billion and in the previous week it had injected CNY 690 million.

PBoC Injects USD 15.2 Billion into Economy


Joana Taborda | joana.taborda@tradingeconomics.com
2/2/2016 9:50:53 AM