Policy

PBOC to inject 110 bln yuan via reverse repos

Date 1/22/2018 3:00:20 PM

    SHANGHAI, Jan 22 (Reuters) - China's central bank will inject 110 billion yuan ($17.19 billion) into money markets on Monday, traders said.

    The People's Bank of China (PBOC) is injecting 60 billion yuan through seven-day reverse bond repurchase agreements, 40 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 20 billion yuan into the market via open market operations for the day, with 90 billion yuan worth of reverse repos due to mature on Monday.

    The PBOC injected a net 590 billion yuan into the money market last week.

($1 = 6.3990 Chinese yuan)

 

Edited by SHMET