Policy

PBOC to inject 250 bln yuan via reverse repos –traders

Date 11/28/2017 2:01:28 PM
    SHANGHAI, Nov 28 (Reuters) - China's central bank will inject 250 billion yuan ($37.90 billion) into money markets on Tuesday, traders said.

    The People's Bank of China (PBOC) is injecting 130 billion yuan through seven-day reverse bond repurchase agreements, 110 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 250 billion yuan worth of reverse repos due to mature on Tuesday.

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

 

($1 = 6.5967 Chinese yuan)

 

Edited by SHMET