PBOC says chill out on the 160bn yuan injection today

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China conducted an open market operation today

  • the first in 37 sessions
  • injected 160bn yuan via 7 day RRs
 PBOC statement now says the move was to counter drains from:
  • regular tax payments
  • government bond issuance
  • RRR payments by financial institutions

Party poopers

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