PBoC injects CNY 31.5bln via 7-day reverse repos with the rate at 1.40% and CNY 300bln via 140-day reverse repos with the rate at 1.65%
The PBoC's latest liquidity injection of CNY 31.5 billion via 7-day reverse repos at 1.40% signals a proactive stance to ensure short-term funding remains ample, while the larger CNY 300 billion injection through 140-day repos at 1.65% suggests concerns about longer-term stability.
BoJ's Masu says the central bank is closely watching FX market moves and their impact on the economy and prices, also noted that appropriate and timely rate hike is needed
RBA Governor Bullock says RBA board is not happy with inflation and the prospects of getting it down
PBoC injects CNY 31.5bln via 7-day reverse repos with the rate at 1.40% and CNY 300bln via 140-day reverse repos with the rate at 1.65%
PRE-MARKET CHINESE STOCKS NEWS: Meituan (3690 HK) fully acquires Dingdong's Fresh Grocery E-commerce company for an initial consideration of USD 717mln
PBoC sets USD/CNY mid-point at 6.9590 vs exp. 6.9517 (Prev. 6.9570)
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This dual approach may help bolster market confidence and manage any liquidity pressures ahead, influencing both fixed income and currency markets as traders assess the implications for monetary policy direction.
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