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China central bank makes biggest weekly cash injection since Jan 2020 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : People stroll past the People’s Bank of China’s headquarters in Beijing (China) September 28, 2018. REUTERS/Jason Lee

BEIJING, (Reuters) – China’s central banks made its largest weekly cash injection for more than two decades this week in order to preserve stable liquidity towards the end of the month.

On Friday, the People’s Bank of China (PBOC), injected $300 billion yuan ($47.41 trillion) in seven-day reverse repos to the banking system. This is in contrast with the 10 billion yuan of similar loans that expired on the same date.

The PBOC injected 760 Billion Yuan net for the week – its largest weekly cash offer since January 2020.

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