China’s Central Bank Makes Huge Cash Withdrawals Today

Published: Jun 1, 2023 17:20

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The People's Bank of China conducted a 7-day reverse repurchase operation worth 2 billion yuan today, and the winning bid rate was 2.00%, the same as the previous rate.

The People's Bank of China conducted a 7-day reverse repurchase operation worth 2 billion yuan today, and the winning bid rate was 2.00%, the same as the previous rate. Because 7 billion yuan of reverse repurchases expired today, a net withdrawal of 5 billion yuan was recorded.

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