FX.co ★ PBoC Injects CNY 159 Billion via Reverse Repo at Lower Rate

On Thursday, the People’s Bank of China (PBOC) injected CNY 158.6 billion into the banking system using seven-day reverse repos at a lowered rate of 1.4%, a decrease from the previous day's rate of 1.5%. This strategic decision, disclosed on Wednesday, is a component of a larger set of monetary easing efforts designed to stabilize economic growth amid increasing external pressures.