PBoC steps up reverse repos to ensure quarter-end liquidity, according to China Securities Journal
The PBoC's decision to increase reverse repos suggests a proactive approach to ensuring liquidity in the market as the quarter-end approaches.
RBA Minutes from March meeting stated that board members agreed financial conditions needed to be restrictive and that a further tightening would likely be needed but disagreed on whether to hike at the meeting
PBoC is expected to set USD/CNY mid-point at 6.9209 (prev. 6.9209)
PBoC steps up reverse repos to ensure quarter-end liquidity, according to China Securities Journal
[MARKET UPDATE] Asia-Pac stocks begin lower following the negative handover from US amid higher oil prices and recent Middle East escalation, while participants digest a slew of data heading into month- and quarter-end
Violent explosions reported in Isfahan, central Iran, according to Al Hadath
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This move is likely aimed at stabilizing financing conditions and may signal the central bank's intent to balance economic growth against potential tightening. Traders should monitor how this impacts the CNY and broader fixed-income markets as liquidity dynamics can influence risk sentiment.
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