China’s central bank injects 292.5b yuan cash via reverse repo

The People’s Bank of China (PBC) has injected 292.5 billion yuan into its banking system through a seven-day reverse repo operation, the bank said on Monday.

The Chinese central bank said the repo operations aimed to “keep the liquidity adequate in the banking system…”

Reverse repurchase agreements (repos) are one of the key tools used by the Chinese central bank to manage short-term liquidity.

Attribution: Amwal Al Ghad English