PBoC injects CNY 145bln via 7-day reverse repos with the rate at 1.40%
The People's Bank of China (PBoC) has injected CNY 145 billion through 7-day reverse repos at a rate of 1.40%.
Chinese House Price Index YoY (Jan) Y/Y -3.1% (Prev. -2.7%)
PRE-MARKET CHINESE STOCKS NEWS: US President Trump pauses some China tech bans ahead of the Trump-Xi meeting in April
PBoC injects CNY 145bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.9398 vs exp. 6.9045 (Prev. 6.9457)
Japanese PM Takaichi's advisor Honda suggests the BoJ may consider raising interest rates later this year, but noted the unlikelihood of a hike in March
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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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