PBOC net liquidity injection amounted to CNY 618.99 billion in March

The People’s Bank of China (PBOC) refrained from injecting liquidity in the 7 trading sessions through Saturday, but that did not change the broader monthly picture which shows a net liquidity injection of CNY 618.99 billion. 

This was a 50% jump from the previous month’s liquidity injection and should calm markets nerves about the damaging effects of PBOC’s liquidity tightening exercise.