PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%

PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%.

The PBoC's injection of CNY 418.5 billion through reverse repos indicates a clear intention to provide liquidity support to the market, particularly at a time when economic growth concerns are present. With the rates set at 1.40% for 7-day and 1.65% for 14-day instruments, this action signals a dovish stance aimed at stabilizing financial conditions, which could impact currency valuations and yield curves across Asia.