The People’s Bank of China injected 32 billion yuan (approximately $4.4 billion) into the financial system through 7-day reverse repos, keeping the rate steady at 1.40%. This injection falls at the lower end of the central bank’s daily liquidity toolkit. For comparison, during the mid-September 2026 liquidity crunch, single-day reverse repo injections reached 463.3 billion yuan, roughly 14 times larger than today’s figure. In June 2026, the central bank launched a new overnight reverse repo instrument at a rate of 1.25% specifically designed to manage sharp liquidity squeezes at month-end and quarter-end.
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