Massive Net Liquidity Withdrawal by China’s Central Bank on April 6, 2023

Published: Apr 6, 2023 10:52

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The People's Bank of China (PBOC) conducted an 8 billion yuan 7-day reverse repurchase operation today April 6, and the winning bid rate was 2.00%, which was the same as before.

The People's Bank of China (PBOC) conducted an 8 billion yuan 7-day reverse repurchase operation today April 6, and the winning bid rate was 2.00%, which was the same as before. As 439 billion yuan of 7-day reverse repos expired today, there was a net withdrawal of 431 billion yuan.

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