It attributed the generous liquidity support to the current peak period for tax payments, adding that “the banking systems overall liquidity is falling rapidl, according to a statement on its website.
In open market operations, the Peoples Bank of China (PBOC) injected 350 billion yuan through seven-day reverse bond repurchase agreements and 220 billion yuan through 28-day reverse repos.
On a net basis, the PBOC injected a net 560 billion yuan
($82.73 billion)for the day, as 10 billion yuan reverse repos are set to mature on Wednesday.
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