Policy

PBOC to inject 160 bln yuan via reverse repos

Date 1/18/2018 4:39:01 PM

    SHANGHAI, Jan 18 (Reuters) - China's central bank will inject 160 billion yuan ($24.87 billion) into money markets on Thursday, traders said.

    The People's Bank of China (PBOC) is injecting 80 billion yuan through seven-day reverse bond repurchase agreements, 70 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 90 billion yuan into the market via open market operations for the day, with 70 billion yuan worth of reverse repos due to mature on Thursday.

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

 

Edited by SHMET