PBOC Injects 281 Billion Yuan through Reverse Repos to Keep Liquidity Ample at Year’s End

China’s central bank on Friday conducted 40 billion yuan of the 7-day reverse repos (RRP) and 291 billion yuan of the 14-day RRP at an interest rate of 1.8% and 1.95%, respectively.

A total of 281 billion yuan will be injected into the market on a net basis as 50 billion yuan was due today.

The People’s Bank of China said in a statement that the move aims to keep liquidity at a reasonable level and ample at the end of this year.