china central bank resumes cash injection to money market
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China Central Bank Resumes Cash Injection to Money Market

Arab Today, arab today

Arab Today, arab today China Central Bank Resumes Cash Injection to Money Market

Chinese currency
Beijing - QNA

China's central bank injected 100 billion yuan about (14.5 billion US dollars) into the financial system through open market operations on Monday to offset impacts of maturing securities. 
The People's Bank of China (PBOC) made the injection through reverse repos. 
The operations include 7-day reverse repo priced to yield 2.35 %, 14-day contracts with a yield of 2.5 %, and 28-day agreements with a yield of 2.65 %, according to China's (Xinhua) News Agency. 
Despite the cash injection, Monday will see a net drain of funds worth 90 billion yuan from the market due to maturing contracts worth 190 billion yuan.
The central bank has refrained from open market operations since Feb. 4, citing a "relatively high level" of liquidity. 
Last week, the central bank allowed the withdrawal of 625 billion yuan from the market, draining some of the huge funds added ahead of the Lunar New Year. 
The restart of such operations comes with some 900 billion yuan of reverse repos set to mature this week, putting liquidity strain on the market. 
Last time the central bank conducted reverse repos, it raised the lending rates to banks by 10 basis points, a move that was widely interpreted as a shift towards a neutral monetary policy as economic fundamentals improved. 
China's monetary policy in 2017 is set to be "prudent and neutral," keeping appropriate liquidity levels and avoiding large injections.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china central bank resumes cash injection to money market china central bank resumes cash injection to money market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china central bank resumes cash injection to money market china central bank resumes cash injection to money market

 



GMT 10:12 2017 Friday ,03 November

Argentina call up Boca Juniors duo for Russia clash

GMT 23:39 2017 Tuesday ,04 July

Israel to allow fuel into Gaza on Sunday

GMT 14:43 2017 Wednesday ,22 February

Jimmy Choo to launch Man ICE fragrance

GMT 15:16 2018 Thursday ,13 September

Activists open Khan Al-Ahmar gate which IOF had closed

GMT 06:59 2016 Friday ,15 April

Hamas bolsters Gaza’s Egypt border in bid

GMT 06:18 2017 Tuesday ,19 December

Japan raids firms over alleged maglev bid-rigging

GMT 12:27 2017 Thursday ,13 April

HH the Emir Meets South Africa's President

GMT 06:34 2017 Thursday ,14 December

Leonard returns but Spurs stumble; James leads Cavs rout

GMT 18:02 2017 Thursday ,05 October

Somali president arrives in Sudan on official visit

GMT 17:17 2013 Tuesday ,24 September

Best house furniture

GMT 08:38 2017 Wednesday ,03 May

US Senate confirms Jay Clayton as new SEC chief

GMT 11:50 2015 Saturday ,26 September

The Library of Fragrance announces January launches

GMT 12:24 2017 Monday ,06 November

Balotelli scores, is sent off in Nice win

GMT 19:52 2017 Sunday ,24 September

Istanbul derby delivers three goals, five red cards
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday