PBoC injects CNY 137.3bln via 7-day reverse repos with the rate at 1.40%
The PBoC's injection of CNY 137.3 billion via 7-day reverse repos at a rate of 1.40% signals an effort to maintain liquidity in the financial system amidst potential economic pressures.
Chinese House Price Index YoY (Feb) Y/Y -3.2% (Prev. -3.1%)
Chinese House Price Index MM (Feb) -0.3% (Prev. -0.4%)
PBoC injects CNY 137.3bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Chinese House Prices, Industrial Production & Retail Sales are scheduled today; US President Trump says could delay summit with Chinese President Xi
PBoC sets USD/CNY mid-point at 6.9057 vs exp. 6.9061 (Prev. 6.9007)
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This move is likely aimed at supporting market confidence and stabilizing the currency, which could have implications for interest rates and broader economic conditions in China.
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