PBoC injects CNY 253bln via 7-day reverse repos with rate maintained at 1.40%
The PBoC's recent injection of CNY 253 billion through 7-day reverse repos at a maintained rate of 1.40% indicates a proactive measure to ensure liquidity in the banking system amidst ongoing economic challenges.
South Korean Deputy Finance Minister and FX chief Moon Ji Sung says KRW is likely to rise further and BoK rate hike is to stabilise FX, while KRW remains weaker than fundamentals
PRE-MARKET CHINESE STOCK NEWS: Alibaba Group (9988 HK) disagrees with a EUR 550mln EU technology fine, China’s “national team” of funds bought close to USD 9bln in equities as Beijing sought to support the stock market
PBoC injects CNY 253bln via 7-day reverse repos with rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.7917 vs exp. 6.7706 (prev. 6.7948)
Japan's Trade Minister Akazawa says many unknowns around Saudi naval blockade and deterioration in Middle East situation is concerning, although he added that they have secured sufficient oil supply for Japan as a whole
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This move is generally viewed as a supportive stance for growth, reinforcing expectations that the central bank will continue to prioritize stability over tightening, which could impact both the CNY's performance and regional fixed income dynamics.
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