China's Central Bank Executes Largest Daily Cash Injection Since 2020 via Reverse Repo Today

Forex - The People's Bank of China (PBOC) conducted its largest daily cash injection in nearly five years through reverse repos in open market operations today. The PBOC announced that it executed a 7-day reverse repo worth 981 billion yuan to balance factors such as maturing medium-term lending facilities (MLF) and tax payments. Today, 1.45 trillion yuan worth of MLF loans will mature.