China cbank injects $81 billion through reverse repos on Thursday
SHANGHAI (Reuters) – China’s central bank said on Thursday that it has lent 577.7 billion yuan ($80.93 billion) through seven-day reverse bond repurchase agreements in an open market operation.
The People’s Bank of China (PBOC) said the cash injection was meant to counteract factors including maturing medium-term lending facility (MLF) loans, tax payments and government bond issuance, in order to keep banking system liquidity reasonably ample.
It added that it will conduct the MLF loan operation on Aug 26.
($1 = 7.1382 )
