PBOC to inject 60 bln yuan via reverse repos –traders

Date 3/13/2018 4:16:17 PM

 SHANGHAI, March 13 (Reuters) - China's central bank will inject 60 billion yuan ($9.48 billion) into money markets on Tuesday, traders said.

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

    On a net basis, the PBOC will inject a net 60 billion yuan into the market for the day as there are no reverse repos expiring on Tuesday.

    The central bank drained a net 240 billion yuan last week.

($1 = 6.3270 Chinese yuan)


Edited by SHMET