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PBOC Nets RMB91B Withdrawal Today, Mounts RMB600B MLF Operation
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The People’s Bank of China (PBOC) conducted RMB159.5 billion in 7-day reverse repo operations in the open market today (25th), maintaining the rate at 1.5%. With RMB250.5 billion in reverse repos maturing, the PBOC saw a net withdrawal of RMB91 billion for the day. On the same day, the PBOC announced it would conduct RMB600 billion in one-year Medium-term Lending Facility (MLF) operations using a fixed quantity, tendered rate, and multiple-price bidding method. AAStocks Financial News |
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