PBoC injects 959bn yuan in open market operations (offsetting maturing MLF)
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That could be a enormous headline OMO injection of funds:
- 959.5bn yuan by way of 7 day RRs, price at 1.5% added
- 995bn of MLF mature at this time
However, because the headline says, its an offset to maturing Medium-term Lending Facility (MLF) funds. With Lunar New 12 months approaching there will probably be additional fund injections to cowl money demand over the vacations.
extra to come back
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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