Skip to main content

PBoC stops injecting short-term liquidity

Decision adds to central bank’s recent efforts to tame rally in long-term government bonds

Map of China

For the first time since 2020, the People’s Bank of China has not injected any short-term cash into the financial market on a business day, as it seeks to contain a rally in government bonds that pushed yields to a record low.

In a statement, the PBoC said it did not conduct any reverse repurchase (repo) agreement operations today (August 7), because “the overall amount of liquidity is reasonable and abundant”. It said it had made the decision based on the demand from primary dealers in the money

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.