Policy

PBOC to inject 320 bln yuan via reverse repos -traders

Date 1/16/2018 3:48:15 PM

    SHANGHAI, Jan 16 (Reuters) - China's central bank will inject 320 billion yuan ($49.73 billion) into money markets on Tuesday, traders said.

    The People's Bank of China (PBOC) is injecting 160 billion yuan through seven-day reverse bond repurchase agreements, 150 billion yuan through 14-day reverse repos and another 10 billion yuan through 63-day reverse repos, they said.

    On a net basis, the PBOC will inject 270 billion yuan into the market via open market operations for the day, with 50 billion yuan worth of reverse repos due to mature on Tuesday.

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

($1 = 6.4350 Chinese yuan) 

Edited by SHMET