Policy

PBOC to inject 50 bln yuan via reverse repos

Date 9/26/2017 5:52:25 PM

SHANGHAI, Sept 26 (Reuters) - China's central bank will inject 50 billion yuan ($7.55 billion) into money markets on Tuesday, traders said.

    The People's Bank of China (PBOC) is injecting 40 billion yuan through 14-day reverse bond repurchase agreements, and 10 billion yuan through 28-day reverse repos, they said.

    On a net basis, the PBOC will drain 80 billion yuan from the market via its open market operations for the day, with 130 billion yuan worth of reverse repos due to mature on Tuesday.

    The PBOC injected a net 450 billion yuan into the money market last week. 

Edited by SHMET