Policy

PBOC to inject 150 bln yuan via reverse repos -traders

Date 2/26/2018 1:30:00 PM

    SHANGHAI, Feb 26 (Reuters) - China's central bank will inject 150 billion yuan ($23.69 billion) into money markets on Monday, traders said.

    The People's Bank of China (PBOC) is injecting 100 billion yuan through seven-day reverse bond repurchase agreements, 30 billion yuan through 28-day reverse repos and another 20 billion yuan through 63-day reverse repos, they said.

    On a net basis, the PBOC will inject 150 billion yuan into the market via open market operations for the day, as there are no reverse repos due to mature on Monday.

    The central bank injected a net 580 billion yuan into the money market last week.

($1 = 6.3329 Chinese yuan)

Edited by SHMET