PBOC to make biggest weekly cash injection via OMO since mid-Jan – Reuters

The People’s Bank of China (PBOC) extends its market liquidity injections for the fourth straight day on Friday, making the biggest weekly cash injection since mid-January, as cited by Reuters.

The Chinese central bank is expected to inject 300 billion yuan ($41.99 billion) via seven-day reverse repurchase agreements.

This will account for a weekly net cash injection through open market operations to 670 billion yuan.

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