China PBOC to Inject Net $2.79 Billion Into Market Chinas central bank is set to inject a net 17 billion yuan ($2.79 billion) into the banking system this week through its regular open market operations, easing liquidity, traders participating in the operation said Thursday. The Peoples Bank of China is offering CNY19 billion in 14-day reverse repurchase agreements, a short-term lending facility that injects liquidity into the banking system, in its Thursday open-market operation. The bank carries out such operations Tuesdays and Thursdays, offering bills and repurchase agreements to control liquidity in the money market. It offered CNY32 billion of 7-day reverse repurchase agreements in its Tuesday open-market operation. This week, CNY35 billion worth of reverse repos mature, and CNY1 billion worth of three-year central bank bills are set to mature. Last week, the central bank injected a net CNY59 billion into the banking system through its regular open-market operations, following a net CNY15 billion withdrawal from the banking system the previous week.
Posted on: Thu, 28 Nov 2013 02:12:55 +0000
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