The People's Bank of China (PBOC), China's central bank, conducted 70 billion yuan worth of reverse repurchase agreements (repo) at an annualized yield of 2.25 percent in Thursday's open market operations.
Only 10 billion yuan worth of reverse repos were due this week. Together with the 130 billion yuan of reverse repos offered on Tuesday, the central bank realized a net capital injection of 190 billion yuan in the week, hitting an 11-month high. Analysts noted that as the liquidity condition suffered volatile fluctuation after the New Year holiday, the central bank strengthened the offering scale of reverse repos.
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