The People’s Bank of China’s massive cash injection of 733 billion yuan, an unprecedented record high, through reverse repos sends a clear message that policymakers are committed to maintaining low interest rates to boost the emerging economic recovery. Additionally, China’s issuance of $137 billion in sovereign debt underscores their dedication to supporting their economy during challenging times.
🇨🇳 PBOC cash injection via reverse repos a net 733 billion yuan ($100 billion).
An all-time record high!
These short-term policy loans are “a sign policymakers are likely to keep interest rates low to bolster a nascent economic recovery.”
H/t: @business pic.twitter.com/Xf0iYTQ4Mv
— Alex Joosten (@joosteninvestor) October 24, 2023
China to issue $137 billion sovereign debt to support economy, per Reuters.
— unusual_whales (@unusual_whales) October 24, 2023