Reported 3 months ago
On July 17, 2024, the People's Bank of China conducted a 270 billion yuan reverse repo operation to maintain liquidity levels, bringing the total to 10.69 trillion yuan over three days. Despite a lower amount than the previous day, the aggressive policy aimed to alleviate short-term funding pressures in the market. Analysts predict that upcoming actions, including a 700 billion yuan treasury cash bid, will continue to provide liquidity, while expectations for a potential decrease in the Loan Prime Rate (LPR) are also rising.
Source: YAHOO