PBOC pumps up the yuan

OMOS:

  • injects 20bn yuan via 7 day reverse repos

No RRs mature.

A little earlier the PBOC said it would implement 1-year central bank bill swaps

  • worth 1.5 billion yuan

A small move only. At the margin it will help boost lending. The amount is not of much significance though.

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Plenty of yuan news about the place …. ICYMI: