Mar 18, 04:25 AM

PBOC Conducts 10 Billion Yuan 7-Day RRP to Offset Due Amount, Sets Rate at 1.80%; Taiwan to Hold Rates Amid Inflation Concerns, China Likely Unchanged, 39 bln yuan RRP dues

The People's Bank of China (PBOC) conducted 10 billion yuan of 7-day Reverse Repurchase (RRP) on Monday to offset the same amount due on Tuesday. The total RRP dues for the week amount to 39 billion yuan. PBOC also set the 7-day RRP rate at 1.80%. Taiwan is expected to maintain its rates amid inflation concerns, while China is likely to keep benchmark lending rates unchanged in March.

#PBOC #Reverse Repurchase #Taiwan #China

Written with ChatGPT (GPT-3).

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PiQ@PiQSuite
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CN Wire@Sino_Market
2 years ago
⚡PBOC conducted 5 billion yuan of the 7-day RRP on Tuesday, 5 billion yuan will be drained from the open market today. #China #liquidity https://t.co/9GTjQhW5pN

PBOC Conducts 10 Billion Yuan 7-Day RRP to Offset Due Amount, Sets Rate at 1.80%; Taiwan to Hold Rates Amid Inflation Concerns, China Likely Unchanged, 39 bln yuan RRP dues

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