China central bank resumes 14-day reverse repos to smoothen year-end cash demand
Reuters
Published Dec 17, 2023 08:39PM ET
SHANGHAI (Reuters) - China's central bank resumed injecting short-term cash through 14-day reverse repos for the first time in three months on Monday, as it steps up efforts to smoothen increasing year-end liquidity demand.
The People's Bank of China (PBOC) injected a total of 244 billion yuan ($34.28 billion) through reverse repos in open market operations, including 184 billion yuan through the seven-day tenor and 60 billion yuan via the 14-day tenor.
The resumption of lending via 14-day reverse repos to financial institutions was the first such injection since late September.
The central bank said Monday's operation was meant to "keep year-end liquidity conditions reasonably ample," according to an online statement.
($1 = 7.1179 Chinese yuan)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.