Massive Net Liquidity Injections by China’s Central Bank (April 18, 2023)

The People's Bank of China (PBOC) conducted a 38 billion yuan 7-day reverse repurchase operation in the open market today April 18, and the winning bid rate was 2.00%, which was the same as before.

As 5 billion yuan of 7-day reverse repurchases expired today, a net liquidity injection of 33 billion yuan was recorded.