PBOC inject 140bn yuan through 7-day reverse repos in open market operations (OMOs) today
And for 14-day reverse repos, PBOC injects 80bn yuan (for why the bank is using 14-dayers as well now, check this out from yesterday)
Some quite large injections of yuan into money markets again today (220bn yuan combined 7 and 14-day reverse repos) .... and a weak yuan (last Friday the yuan was set at its lowest against its basket) ... PBOC monetary stimulus continues
MORE:
- PBOC is gauging demand for 14-day reverse repos for tomorrow again also
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Also, come comments from PBOC deputy Governor Chen Yulu on the wires :
- China to keep prudent monetary policy
(If an official there ever says "China to make imprudent monetary policy " I'll be more likely to make a fuss :-D )
And more:
- China will continue differentiated RRR policy