We got the news earlier that the People’s Bank of China PBOC injected 120bn yuan via 7-day reverse repos today
And noted that this was indeed a big injection of funds
- Was 40bn previously
- It's the largest since late January 2014
More from Bloomberg:
- The People's Bank of China tripled the amount of cash added to the financial system in its open-market operations
- Helping to ensure an adequate supply of funds as it supports the yuan following last week's devaluation
