PBoC injects CNY 354bln via 7-day reverse repos with the rate at 1.40%
The People's Bank of China (PBoC) has injected a substantial amount of liquidity through 7-day reverse repos, indicating a commitment to support the economy amidst ongoing challenges.
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PBoC injects CNY 354bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Bank of Qingdao (3866 HK) prelim. FY25 (CNY) net 5.2bln (exp. 4.9bln), rev. 14.6bln (exp. 14.3bln)
PBoC sets USD/CNY mid-point at 6.9771 vs exp. 6.9521 (Prev. 6.9755)
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This action, coupled with the maintained rate of 1.40%, suggests the central bank is balancing the need for economic stimulation while managing inflationary pressures, which could influence market sentiment in both the fixed income and FX space.
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