PBoC injects CNY 145bln via 7-day reverse repos with the rate at 1.40%
Newsquawk Staff ·
PBoC injects CNY 145bln via 7-day reverse repos with the rate at 1.40%.
What it means
The People's Bank of China (PBoC) has injected CNY 145 billion through 7-day reverse repos at a rate of 1.40%. This action suggests a dovish stance aimed at providing liquidity support amidst economic conditions, likely influencing investor sentiment and impacting the CNY's performance against other currencies.
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