That is a huge headline OMO injection of funds:
- 959.5bn yuan via 7 day RRs, rate at 1.5% added
- 995bn of MLF mature today
But, as the headline says, its an offset to maturing Medium-term Lending Facility (MLF) funds. With Lunar New Year approaching there will be further fund injections to cover cash demand over the holidays.
more to come
