China PBoC made biggest daily cash injection in nearly three months

China’s PBoC made its biggest daily cash injection into the banking system in nearly three months today. CNY 100B worth of seven-day reverse repos were injected. The central bank said the operation was to keep ” maintain stable liquidity levels at half-year end”. Separately, PBoC Governor Yi Gang said, “This year, we face some downward pressures of […]

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