SHANGHAI: China's central bank resumed injections via its daily liquidity operations on Friday, following a two-day hiatus, but remained in withdrawal mode for funds from the banking system for the week.
The People's Bank of China (PBOC) injected 215 billion yuan ($31.74 billion) through its seven-day reverse repurchase agreement operations at 1.40% on Friday, according to its online statement.
The PBOC reduced the size of reverse repos to zero on Wednesday and Thursday, a move markets viewed as pushing more of the money idling in the banking system to the broader economy.
For the week, the PBOC withdrew 682.7 billion yuan on a net basis through open market operations, the biggest weekly cash withdrawal in three months, according to a Reuters calculation. - Reuters
