PBOC inject 140bn yuan through 7-day reverse repos in open market operations (OMOs) today

And for 14-day reverse repos, PBOC injects 80bn yuan (for why the bank is using 14-dayers as well now, check this out from yesterday)

Some quite large injections of yuan into money markets again today (220bn yuan combined 7 and 14-day reverse repos) .... and a weak yuan (last Friday the yuan was set at its lowest against its basket) ... PBOC monetary stimulus continues


  • PBOC is gauging demand for 14-day reverse repos for tomorrow again also


Also, come comments from PBOC deputy Governor Chen Yulu on the wires :

  • China to keep prudent monetary policy

(If an official there ever says "China to make imprudent monetary policy " I'll be more likely to make a fuss :-D )

And more:

  • China will continue differentiated RRR policy