Policy

PBOC to inject 50 bln yuan via reverse repos –traders

Date 3/14/2018 3:35:49 PM

SHANGHAI, March 14 (Reuters) - China's central bank will inject 50 billion yuan ($7.91 billion)into money markets on Wednesday, traders said.

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

    On a net basis, the PBOC will inject a net 50 billion yuan into the market for the day as there are no reverse repos expiring on Wednesday.

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

($1 = 6.3180 Chinese yuan)

Edited by SHMET