Thursday , 6 February 2025
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PBoC injects 959bn yuan in open market operations (offsetting maturing MLF)

That is a huge headline OMO injection of funds:

  • 959.5bn yuan via 7 day RRs, rate at 1.5% added
  • 995bn of MLF mature today

But, 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.

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