China cenbank makes biggest weekly cash injection via OMO since mid-Jan

China cenbank makes biggest weekly cash injection via OMO since mid-Jan

SHANGHAI (Reuters) – China’s central bank will inject 300 billion yuan ($41.99 billion) into money markets on Friday through seven-day reverse bond repurchase agreements, traders said.

Friday’s move will bring the People’s Bank of China (OTC:)’s (PBOC) weekly cash injection through open market operations to 670 billion yuan on a net basis, the biggest weekly injection since mid-January, according to Reuters calculations based on official data.

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