Thursday, June 13, 2019

Pump Watch

More "pumping!" at the PBoC; last "pump!" was June 6th.

The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion US dollars) into the financial system through open market operations. 
To maintain stable liquidity in the middle of the year, the central bank conducted the operations with 28-day reverse repos at an interest rate of 2.85 per cent. 
Net liquidity injection was 90 billion yuan on Thursday, as previous reverse repos worth 10 billion yuan matured, reports Xinhua.