Policy

PBOC to inject 240 bln yuan via reverse repos -traders

Date 11/29/2017 2:21:55 PM

    SHANGHAI, Nov 29 (Reuters) - China's central bank will inject 240 billion yuan ($36.36 billion) into money markets on Wednesday, traders said.

    The People's Bank of China (PBOC) is injecting 160 billion yuan through seven-day reverse bond repurchase agreements, 70 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 240 billion yuan worth of reverse repos due to mature on Wednesday.

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

 

    ($1 = 6.6011 Chinese yuan)

 

Edited by SHMET