China to Inject $31.5 Billion of Liquidity Into Banking System

The reverse repo operation will be the fourth so far in July.

Headquarters of the People's Bank of China, the central bank, in Beijing, China, on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images

China’s central bank will inject 226 billion yuan ($31.5 billion) of liquidity into the banking system amid headwinds in the broader economy.

The People’s Bank of China said in an online statement that the latest reverse repo operations will occur on July 15 at a fixed seven-day rate of 1.4 percent, which was lowered in May from 1.5 percent.