PBOC (in effect) drains yuan supply today by approx. 56bn yuan

Author: Eamonn Sheridan | Category: Central Banks

120bn yuan was injected via 7 day reverse repos

  • Offsetting this though is 176.5bn of MLF maturing today
This a net drain circa 56bn yuan.

Recently the PBOC has been rolling over MLF maturities. not today though. 

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