China’s central bank makes largest weekly liquidity injection since January 2020 By Reuters

© Reuters. FILE PHOTO: People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee

BEIJING (Reuters) – China’s central bank this week made the largest weekly injection of liquidity in more than two years to maintain stable liquidity conditions towards the end of the month.

The People’s Bank of China (PBOC) injected 300 billion yuan ($47.41 billion) in seven-day reverse repos into the banking system on Friday, compared with 10 billion yuan of such loans expiring on the same day.

For the week, the PBOC injected 760 billion yuan on a net basis – the largest weekly cash supply since January 2020.

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