Policy

PBOC to inject 140 bln yuan via reverse repos –traders

Date 11/27/2017 2:04:49 PM
     SHANGHAI, Nov 27 (Reuters) - China's central bank will inject 140 billion yuan ($21.20 billion) into money markets on Monday, traders said.

    The People's Bank of China (PBOC) is injecting 70 billion yuan through seven-day reverse bond repurchase agreements, 60 billion yuan through 14-day reverse repos and 10 billion yuan through 63-day reverse repos, they said.

    On a net basis, the PBOC will neither drain nor inject any cash into the market via open market operations for the day, with 140 billion yuan worth of reverse repos due to mature on Monday.

    The PBOC injected a net 150 billion yuan into the money market last week.

    

    ($1 = 6.6028 Chinese yuan)

 

Edited by SHMET