China's open market: Reverse repos increased to 448 billion, with a net injection for eight consecutive days today amounting to 91 billion
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The People's Bank of China announced today that it will conduct a seven-day reverse repurchase operation of 448 billion yuan, with the interest rate remaining at 1.40%. This marks the eighth consecutive day of net injection, with a net injection scale of 91 billion yuan today. Despite 946 billion yuan of reverse repos maturing this week, analysts believe that although the China-U.S. trade war has temporarily paused, the domestic economy still faces challenges, and it is expected that monetary easing policies may continue in the second half of the year
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