China's central bank has injected 290 billion yuan of liquidity into the money markets via reserve repurchase operations on Tuesday.
The People's Bank of China conducts a 100 billion yuan of 14-day reserve repo at 3.45 percent, and 190 billion yuan of 28-day reserve repo at 3.6 percent to ease the tightening liquidity towards quarter-end and long holiday.
With 2 billion of central bank bills as well as 107 reserve repo maturing this week, today's reserve repo has secured a net injection of 185 billion yuan so far this year.
The market is expected to see more injection of money given the possibility of more market operations the PBoC would conduct on Thursday.
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