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China cbank makes biggest daily cash injection via reverse repos since 2020

BY Reuters | ECONOMIC | 11/14/24 08:36 PM EST

SHANGHAI, Nov 15 (Reuters) - China's central bank made its biggest daily cash injection through bond reverse repurchase agreements in open market operations in nearly five years on Friday.

The People's Bank of China (PBOC) injected 981 billion yuan ($135.74 billion) worth of seven-day reverse repos, to counteract factors such as maturing medium-term lending facility (MLF) and tax payments, it said in an online statement.

On Friday, a batch of 1.45 trillion yuan worth of MLF loans is set to expire. ($1=7.2272 Chinese yuan) (Reporting by Shanghai Newsroom; Editing by Clarence Fernandez)

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