PBOC conducts biggest daily open markets injection in 3 years

FXStreet (Bali) - China Central Bank (PBOC) has conducted its biggest daily open markets injection in 3 years, Reuters reports, after injecting 80 bln yuan through 7 day reverse repos and 360 bln yuan through 28 day reverse repos. The huge injection of liquidity comes as Chinese lunar new year approaches (Feb 8th), a time in which liquidity becomes more sparse.