PBOC injects 230bn yuan via 7-day reverse repos

OMO = open market operations

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Last week saw a net drain of 80bn yuan (455bn drain prior week)


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Meanwhile a report in the PBOC's 'Financial News' (via MNI) over the weekend:

  • Cutting interest rates and the reserve requirement ratio (RRR) at proper times could help lower social funding costs
  • There is real possibility for funds to flow into the real economy when funding costs are reduced
  • Such cuts on interest rates and the RRR would also not just help raise funding demand but also enhance the money-injecting power of financial institutions