PBOC injects CNY 50 billion via OMOs into market

On Monday, the People’s Bank of China (PBOC), the Chinese central bank, injected 50 billion yuan (about 7.27 billion US dollars) into the financial system through open market operations (OMO) to maintain liquidity in the market.

The PBOC pumped cash via seven-day reverse repos at 2.25%.

No reverse repos matured on Monday.