PBoC injects CNY 5bln via 7-day reverse repos with the rate at 1.40%
Context
The People's Bank of China (PBoC) has injected CNY 5 billion through 7-day reverse repos at a rate of 1.40%. This move may signal the central bank's intent to support liquidity as economic pressures mount, and it's important to monitor how this influences market sentiment towards the CNY and fixed-income assets in the region.
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