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PBOC injects most funds in two weeks to meet demand for cash

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    As Bloomberg reports, the Chinese central bank, PBOC injected most funds into two weeks via open market operations (OMOs), in a bid to meet the liquidity crunch on the back of seasonal spike in demand for cash.

    The PBOC auctioned 90 billion yuan ($14 billion) of seven-day reverse-repurchase agreements on Tuesday, the most since April 1. That added to 448 billion yuan of loans made to commercial lenders via the Medium-Term Lending Facility over the past week.

    The PBOC has increased the frequency of its open-market operations this year to strengthen control over short-term money rates.
    For more information, read our latest forex news.

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