PBoC injects CNY 2.0bln via 7-day reverse repos with the rate at 1.40%
The PBoC's decision to inject CNY 2.0 billion via 7-day reverse repos at a rate of 1.40% signals an effort to manage liquidity in the financial system.
Australian Private House Approvals MoM Final (Feb) M/M 0.2% vs. Exp. 0.2% (Prev. 1.1%)
Chinese Inflation Rate YoY (Mar) Y/Y 1.0% vs. Exp. 1.2% (Prev. 1.3%)
PBoC injects CNY 2.0bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.8654 vs exp. 6.8313 (Prev. 6.8649)
BoJ Deputy Governor Himino says no strict definition on what constitutes stagflation, adds must be vigilant to chance Middle East conflict, which if prolonged, could work to weigh on the economy and push up inflation
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This move can be viewed as supportive for credit conditions, potentially keeping rates stable and mitigating downward pressure on the yuan, which is crucial for market sentiment in a fluctuating economic environment.
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