The People's Bank of China injected CNY 220 billion into the money market through reverse repurchase operations on Tuesday, reports said.
The central bank said it added CNY 150 billion using seven-day reverse repos at a yield of 3.4 percent and CNY 70 billion via 14-day reverse repos at 3.6 percent.
This huge injection into the banking system has lowered hopes of another reserve requirement reduction from the central bank. China lowered the reserve requirement ratio by 50 basis point in May after taking a similar move in February.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.