China's central bank, The People's Bank of China, has injected CNY100bn ($14.5bn) into the financial system through a seven-day reverse repo that was priced to yield 2.35%, 14-day contracts yielding 2.5% and 28-day agreements yielding 2.65%. However, there is still expected to be CNY90bn removed from the market as a result of CNY190bn worth of maturing contracts.
China's central bank, the People's Bank of China, has injected CNY100bn ($14.5bn) into the financial system through a seven-day reverse repo that was priced to yield 2.35%, 14-day contracts yielding 2.5% and 28-day agreements yielding 2.65%. However, there is still expected to be CNY90bn removed from the market as a result of CNY190bn worth of maturing contracts.