The People’s Bank of China (PBOC) conducted a 300 billion yuan 7-day reverse repurchase operation today, and the winning bid rate was 2.00%. As 203 billion yuan of 7-day reverse repurchases are due today, net investment will reach 97 billion yuan.
PBOC Injected 97 Bn yuan in Open Market Operation
The People’s Bank of China (PBOC) conducted a 300 billion yuan 7-day reverse repurchase operation today, and the winning bid rate was 2.00%. As 203 billion yuan of 7-day reverse repurchases are due today, net investment will reach 97 billion yuan.
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