PBOC injects 590 bln Yuan this week, highest since Feb 2013

By FXStreet FXStreet (Mumbai) – China Central Bank (PBOC) injects a net 590 bln Yuan for the week via open market operations, versus a net 315 bln injection last week. This week sees the largest net cash inflow since February, 2013.

While today, the PBOC injected 80 bln Yuan via 7 day reverse repos and 260 bln Yuan through 28 day reverse repos. The central bank makes huge injections to ease the liquidity crunch before China closes down for the Lunar New Year.
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Source:: FX Street