PBOC pumps cash amid year-end liquidity demand PBOC USDCNY Liquidity
injection jumped the most in two months, in the face of the year-end demand for cash from the banking system, per Bloomberg.“The PBOC added 200 billion yuan of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due.”
“The move came after an indicator for short-term borrowing costs soared the most in a year on Monday, a sign of liquidity shortages in the interbank market.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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