People’s Bank of China injects RMB91 billion of liquidity via open market operation
ALSO SPRACH ANALYST
April 1, 2015, 12:31 AM       

China’s trade data for November disappoint
China’s fixed asset investment growth at 20.7% yoy for Jan-Nov
China’s retail sales rose 14.9% yoy in November
People’s Bank of China conducts its routine open market operation today, injecting RMB91 billion liquidity into the system.

Today’s operation includes RMB42 billion of 7-day reverse repo at 3.35% and RMB49 billion of 14-day reverse repo at 3.45%. Rates remain unchanged.

For the whole week, PBOC withdraws a net RMB93 billion of liquidity from the system, the second consecutive week of net withdrawal after the record injection 3 weeks ago. Short-term interest rates remain relative stable for the time being despite net liquidity withdrawal.

Source: PBOC