off-the-wire

China cbank makes biggest weekly cash injection in over two months

Kitco Media
By Reuters
Published:
Updated:
Reuters
SHANGHAI, March 31 (Reuters) - China's central bank made the biggest weekly liquidity injection in more than two months this week to counteract higher quarter-end demand for cash. The People's Bank of China (PBOC) injected 189 billion yuan
($27.51 billion) worth of seven-day reverse repos in open market operations on Friday. With 7 billion yuan worth of such short-term liquidity instrument due on the same day, the PBOC injected a net 182 billion yuan on the day.


It also added a net 811 billion yuan to the banking system for the week, the highest since mid-January, according to Reuters calculation. ($1 = 6.8710 Chinese yuan)
(Reporting by Winni Zhou and Brenda Goh Editing by Shri Navaratnam )

Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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