Friday , April 4 2025

Pump Watch

Summary:
More "pumping!" at the PBoC; last "pump!" was June 6th. The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion US dollars) into the financial system through open market operations.  To maintain stable liquidity in the middle of the year, the central bank conducted the operations with 28-day reverse repos at an interest rate of 2.85 per cent.  Net liquidity injection was 90 billion yuan on Thursday, as previous reverse repos worth 10 billion yuan matured, reports Xinhua. PBOC injects .51 billion into capital market https://t.co/foQOP7ehyM — thefinancetoday (@thefinancetoday) June 13, 2019

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)

Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained

Lars Pålsson Syll writes Schuldenbremse bye bye

Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.


More "pumping!" at the PBoC; last "pump!" was June 6th.

The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion US dollars) into the financial system through open market operations. 
To maintain stable liquidity in the middle of the year, the central bank conducted the operations with 28-day reverse repos at an interest rate of 2.85 per cent. 
Net liquidity injection was 90 billion yuan on Thursday, as previous reverse repos worth 10 billion yuan matured, reports Xinhua.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *