People’s Bank of China to dump 1.4 tln yuan cash in banking system today. 3, 6 month tenor

Forex Short News

The People’s Bank of China, China’s central bank, announced it will carry out 1.4 trillion yuan (US$195 billion) in reverse repurchase agreements on Tuesday.

  • The Bank said the move is intended to ensure liquidity in the banking system remains “reasonably ample.”
  • The reverse repos will have maturities of three and six months.

Also from China today:

Tailwinds a plenty for China!

This article was written by Eamonn Sheridan at www.forexlive.com.