PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
The PBoC's injection of 0.5 billion CNY via 7-day reverse repos while maintaining the rate at 1.40% indicates a continued effort to provide liquidity in the market without altering its monetary stance.
RBA Minutes from May meeting stated the board judged financial conditions would be somewhat restrictive after May hike and that a hike would provide space to see how the Gulf conflict develops, as well as response of households and business
Japanese Economic and Fiscal Policy Minister Kiuchi sees strong momentum in this year's wage negotiations and improvements in job conditions
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
Chinese President Xi told US President Trump during their talks last week that Russian President Putin might end up regretting his invasion of Ukraine, according to FT
PBoC sets USD/CNY mid-point at 6.8375 vs exp. 6.7909 (prev. 6.8435)
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This gesture suggests the central bank is focused on ensuring smooth financial operations, potentially supporting growth while avoiding more aggressive easing measures. The market reaction may reflect a cautious optimism regarding liquidity conditions, but the unchanged rate indicates a preference for stability in the current environment.
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