PBoC injects CNY 113bln via 7-day reverse repos with the rate at 1.40%
The PBoC's injection of CNY 113 billion via 7-day reverse repos at a rate of 1.40% indicates a proactive stance to provide liquidity in the market, likely aimed at stabilizing the economy amid ongoing uncertainties.
[MARKET ANALYSIS] Crude futures retreated with US-Iran talks to continue, while gold briefly reclaimed the USD 5,000/oz status
Indonesian Motorbike Sales YoY (Jan) Y/Y 3.1% (Prev. 14.5%)
PBoC injects CNY 113bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Innovent Biologics (1810 HK) announced strategic collaboration with Eli Lilly (LLY)
PBoC sets USD/CNY mid-point at 6.9523 vs exp. 6.9334 (Prev. 6.9590)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move can be viewed as supportive for growth, and may influence expectations around future interest rate adjustments depending on subsequent economic data and conditions in China.
Related headlines
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased11 hours ago
- PBoC sets USD/CNY mid-point 6.7807 at vs exp. 6.7167 (prev. 6.7829)13 hours ago
- Newsquawk Daily Asia-Pac Opening News - 3rd September 202616 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed18 hours ago
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms55 min ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat1 hour ago
- BoJ accounts show there was no large-scale yen intervention on Wednesday5 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed6 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources6 hours ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday6 hours ago
- BoJ is reportedly favouring 25bps hike and a flexible future pace, sources suggest7 hours ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks7 hours ago
- RBA's Hunter says rate rises earlier this year are working, can see in the data9 hours ago
- RBNZ Governor Breman says gradual removal of monetary stimulus appropriate to return inflation to target while still supporting growth and employment18 hours ago
- US FX WRAP: Yen surges on no headline catalyst, with Kiwi weighed post-RBNZ19 hours ago
- Newsquawk Daily European Equity Opening News - 3rd September 20269 hours ago
- [MARKET UPDATE] Dovish reaction as Fed's Waller leans towards hold in September, albeit very much data dependent; T-notes, stocks and gold move higher with the dollar sold; Pricing is back to 50/50 for hold/hike1 hour ago
- Fed Governor Waller (Voter) says with CPI and PPI in hand, have a pretty accurate view of PCE inflation1 hour ago
- Fed's Waller (voter) to support holding policy rate steady at September FOMC meeting if August inflation data shows continued progress2 hours ago
- [CALENDAR ADDITION] BoE's Pill to give remarks at the Edinburgh Chamber of Commerce at 16:00BST/11:00EDT; guided to a text release2 hours ago
The whole workspace, free to try.
Try it free