PBoC injects CNY 241bln via 7-day reverse repos with the rate maintained at 1.40%
The People's Bank of China (PBoC) injecting CNY 241 billion via 7-day reverse repos while maintaining the rate at 1.40% suggests an effort to ensure liquidity in the market without changing the cost of borrowing.
China’s MIIT Minister Li announces plans to expand auto consumption and boost vehicle trade-in program
[MARKET UPDATE] Spot silver (XAG) extends to a new ATH of USD 89.13/oz with spot XAU currently +0.6%, c. USD 20/oz shy of ATHs of USD 4634/oz
PBoC injects CNY 241bln via 7-day reverse repos with the rate maintained at 1.40%
[MARKET UPDATE] USD/JPY has extended on session highs and is currently trading at 159.42, its highest level since July 2024
PBoC sets USD/CNY mid-point at 7.0120 vs exp. 6.9807 (prev. 7.0103)
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This steady approach indicates the central bank is likely seeking to support economic activity while assessing current monetary conditions, which may provide stability for local assets and the yuan against volatility in global markets.
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