PBoC injects liquidity following market rout
Reverse repo operation helps to restore semblance of calm to markets
The People's Bank of China (PBoC) injected a large dose of liquidity into the economy today (January 5), following a market slump that stopped trading on stock markets a day earlier.
The central bank injected 130 billion yuan ($20 billion) via reverse repos, according to an announcement on its website. The repos have a maturity of seven days and carry an interest rate of 2.25%.
It was the PBoC's largest reverse repo operation since September 2015. Last summer and early autumn saw large
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Supervisors grapple with the smaller bank dilemma
- Fed policy-makers disagree over risks
- Schnabel: ECB could replace central forecast scenario