China central bank injects $29 billion via reverse repos

Man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing

SHANGHAI (Reuters) – China’s central bank said it has injected 200 billion yuan ($28.94 billion) through 14-day reverse repo operations into the banking system on Wednesday.

On the day, a batch of 150 billion yuan worth of reverse repos is set to mature, leaving the People’s Bank of China to inject 50 billion on a net basis via the liquidity tool.

Separately, another 150 billion yuan worth of medium-term lending facility (MLF) is due to expire on the day. But the PBOC made a one-off MLF rollover for the whole month last week by injecting a total of 700 billion yuan worth of medium-term loans.

(Reporting by the Shanghai Newsroom; Editing by Muralikumar Anantharaman)

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