Policy

PBOC to inject 200 bln yuan via reverse repos -traders

Date 1/17/2018 1:48:20 PM

    SHANGHAI, Jan 17 (Reuters) - China's central bank will inject 200 billion yuan ($31.06 billion) into money markets on Wednesday, traders said.

    The People's Bank of China (PBOC) is injecting 100 billion yuan through seven-day reverse bond repurchase agreements, 90 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 100 billion yuan into the market via open market operations for the day, with 100 billion yuan worth of reverse repos due to mature on Wednesday.

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

($1 = 6.4395 Chinese yuan)

 

Edited by SHMET