That is a huge headline OMO injection of funds:
959.5bn yuan via 7 day RRs, rate at 1.5% added995bn of MLF mature todayBut, as the headline says, its an offset to maturing Medium-term Lending Facility (MLF) funds. With Lunar New Year approaching there will be further fund injections to cover cash demand over the holidays.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about pboc injects 959bn yuan in open market operations offsetting maturing mlf was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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