China central bank makes biggest weekly cash injection since Jan 2020

by Aurelia Butler 25 February 2022, 00:52 189 Views

The People’s Bank of China (PBOC) injected 300 billion yuan ($47.41 billion) worth of seven-day reverse repos into the banking system on Friday, compared with 10 billion yuan of such loans expiring on the same day.

For the week, the PBOC injected 760 billion yuan on a net basis – the biggest weekly cash offering since January 2020.

($1 = 6.3283 Chinese yuan)

Source: Economy - investing.com

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China central bank makes biggest weekly cash injection since Jan 2020

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