PBoC injects CNY 49bln via 7-day reverse repos with the rate at 1.40% for a net drain of CNY 87bln

The PBoC's injection of CNY 49 billion through 7-day reverse repos at a rate of 1.40% indicates a short-term liquidity injection but the net drain of CNY 87 billion signals a tightening overall stance.

Newsquawk StaffPublished 9 Mar 2026, 01:42 UTCOn the live feed at 01:22 UTC — 5 more headlines followed before this page went public

Newsquawk headlinesUTC

01:30

Chinese Inflation Rate YoY (Feb) Y/Y 1.3% vs. Exp. 0.8% (Prev. 0.2%)

01:30

Chinese PPI YoY (Feb) Y/Y -0.9% vs. Exp. -1.1% (Prev. -1.4%)

01:22

PBoC injects CNY 49bln via 7-day reverse repos with the rate at 1.40% for a net drain of CNY 87bln

01:18

China NPC Standing Committee said it is to revise law on enterprise state-owned assets, will strengthen research on legislation in AI and other sectors, will also revise PBoC law and banking regulation law

01:15

PBoC sets USD/CNY mid-point at 6.9158 vs exp. 6.9144 (Prev. 6.9025)

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Context

This move suggests the central bank is balancing liquidity needs while managing inflationary pressures, which could have implications for the CNY and broader fixed-income market given the mixed liquidity signal.

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