Moscow. January 28. The people’s Bank of China (NBK, the Central Bank) on Thursday conducted reverse REPO for a period of seven days, pouring into the financial system 340 billion yuan (us$51,9 billion).
According to The Wall Street Journal, so the NSC aims to alleviate typical for this time of year the lack of funds, associated including with the upcoming celebrations of the New year according to the lunar calendar, which will occupy the entire second week of February.
Based on the similar operations on Tuesday (440 billion yuan) and the volume of debt with expired maturity (190 billion yuan), the total short-term financial investments of the Central Bank in the economy this week amounted to 590 billion yuan ($90,06 billion), the highest level since the beginning of February 2013.
Last week, the Chinese Central Bank offered to banks short and medium – term loans worth over 1.5 trillion yuan.