PBoC injects CNY 363.5bln via 7-day reverse repos with the rate maintained at 1.40%

PBoC injects CNY 363.5bln via 7-day reverse repos with the rate maintained at 1.40%.

The People's Bank of China (PBoC) has injected liquidity of CNY 363.5 billion through 7-day reverse repos while keeping the interest rate steady at 1.40%. This move suggests the PBoC's commitment to maintain adequate liquidity in the banking system, potentially indicating a cautious approach to stimulate economic growth without altering the borrowing cost, which may affect market sentiment and the CNY in the short term.