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China central bank steps up daily injection, offers $1.8bn

Published July 18, 2022 Updated July 18, 2022 11:17am
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By Reuters
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SHANGHAI: China’s central bank stepped up cash injections through open market operations on Monday, snapping a 10-day streak of a minimal 3 billion yuan ($444.61 million) of daily offering.

The People’s Bank of China (PBOC) injected 12 billion yuan via seven-day reverse repurchase agreement at a cost of 2.1%, a statement online showed.

China to step up implementation of ‘prudent’ monetary policy

With 3 billion yuan worth of the short-term liquidity tool due on Monday, the PBOC injected a net 9 billion yuan.

China's central bank People’s Bank of China

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