Policy

PBOC to inject 150 bln yuan via reverse repos -traders

Date 1/15/2018 3:12:20 PM

    SHANGHAI, Jan 15 (Reuters) - China's central bank will inject 150 billion yuan ($23.22 billion) into money markets on Monday, traders said.

    The People's Bank of China (PBOC) is injecting 80 billion yuan through seven-day reverse bond repurchase agreements and 70 billion yuan through 14-day reverse repos, they said.

    On a net basis, the PBOC will inject 50 billion yuan into the market via open market operations for the day, with 100-billion-yuan worth of reverse repos due to mature on Monday.

    The PBOC injected net 40 billion yuan into the money market last week.

($1 = 6.4607 Chinese yuan) 

Edited by SHMET