- The People’s Bank of China (PBOC) has injected 35 billion yuan into the money market this morning
- biggest one-day injection since October 8
- 7-day repo rate opened at 4.78% today (Monday’s average was 5.4447%). Anything above 4% is considered quite tight
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The AUD has found it a struggle above 0.9380 since the release of the minutes, China tight liquidity conditions are a concern
