Feb 5, 01:22 AM

Russian Central Bank Raises 3.04 Trillion Rubles; PBOC Sells 697 Billion Yuan at 1.5% with 716.5 Billion Yuan Drain

The Russian Central Bank has raised 3.04 trillion rubles at a one-week deposit auction, while also announcing a cut in the daily volume of foreign exchange swap operations to 5 billion yuan. In China, the People's Bank of China (PBOC) sold 697 billion yuan (approximately $97.2 billion) of seven-day reverse repos at an interest rate of 1.5%. Additionally, the PBOC reported a net drain of 716.5 billion yuan in its open market operations. These actions are part of broader efforts to manage liquidity in their respective banking systems, with Russia also planning to boost yuan sales by 17% to support the ruble.

#Russian Central Bank #China #PBOC #Russia

Written with ChatGPT (GPT-4o mini).

Sources

Global Times@globaltimesnews
2 years ago
In order to offset the impact of concentrated maturities of reverse repos in the open market and to keep liquidity in the banking system at an adequate level, the People's Bank of China (PBC), the country’s central bank, conducted 697 billion yuan ($97.2 billion) of seven-day… https://t.co/ohzmzedJBU
InfoseekChina@InfoseekChina
2 years ago
China's central bank conducts reverse repos Wednesday https://t.co/t5iiv7P9a7 https://t.co/OPKbScIIh9
🇪🇺 🇲🇨🇨🇭Dan Popescu 🇫🇷🇮🇹🇷🇴@PopescuCo
2 years ago
Russia plans to boost yuan sales by 17% to support the rouble https://t.co/9DaN0Hmubb via @Reuters https://t.co/3VuT0hsXgL

Additional media

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