China PBOC Injects 541 Billion Yuan via Overnight Reverse Repos
The People’s Bank of China said it injected 541 billion yuan through overnight reverse repurchase agreements on Monday, as the overnight borrowing cost takes on the role of key policy rate.
China's central bank injected fresh cash through overnight reverse repurchase agreements on Monday, as its borrowing cost officially takes on the role of key policy rate.The People's Bank of China (PBOC) said on Monday that it injected 541 billion yuan ($81.31 billion) through overnight reverse rep…