Policy

PBOC to inject 150 bln yuan via reverse repos

Date 4/20/2018 4:11:57 PM

SHANGHAI, April 16 (Reuters) - China's central bank will inject 150 billion yuan ($23.91 billion) into money markets on Monday, traders said.

    The People's Bank of China (PBOC) is injecting 80 billion yuan through seven-day reverse bond repurchase agreements and 70 billion yuan through 14-day reverse repos, they said.

    On a net basis, the PBOC will inject 130 billion yuan into the market via open market operations for the day, with 20 billion yuan worth of reverse repos due to mature on Monday.

    The PBOC drained a net 100 billion yuan from the money market last week.

 

($1 = 6.2725 Chinese yuan)

 

 

Edited by SHMET