Reported about 11 hours ago
China's central bank, the People's Bank of China (PBOC), has injected a staggering 958.4 billion yuan (approximately $131 billion) into the financial system through seven-day reverse repurchase agreements, marking the second-highest cash infusion on record. This move aims to support liquidity as the Lunar New Year approaches, offsetting rising cash demands and the expiration of previous lending programs. Despite concerns over defending the yuan amid a strengthening dollar, the PBOC is expected to continue its accommodative monetary policy to ensure sufficient liquidity in the banking system and meet seasonal cash requirements.
Source: YAHOO