Policy

PBOC to inject 50 bln yuan on Friday, taking week's net injection to 150 bln yuan –traders

Date 11/24/2017 4:24:55 PM

    SHANGHAI, Nov 24 (Reuters) - China's central bank will inject 50 billion yuan ($7.60 billion) into money markets on Friday, traders said.

    The People's Bank of China (PBOC) is injecting 30 billion yuan through seven-day reverse bond repurchase agreements, 10 billion yuan through 14-day reverse repos and 10 billion yuan through 63-day reverse repos, they said.

    For the week, the PBOC will inject a net 150 billion yuan into the market, compared with a net injection of 810 billion yuan a week earlier. 

Edited by SHMET