SHANGHAI: China's central bank will drain 20 billion yuan ($3.26 billion) from the money markets through 14-day bond repurchase agreements on Thursday, traders said, meaning it will inject a net 26 billion yuan into the market this week.
The interbank markets were closed from Oct. 1 to Oct. 7 due to the National Day holiday.
The People's Bank of China (PBOC) conducted a net drain of 5 billion yuan from last week.
Comments
Comments are closed.