Business & Finance

PBOC to inject 90bn yuan via reverse repos

Published March 12, 2018 Updated March 12, 2018 11:58am

The People's Bank of China (PBOC) is injecting 50 billion yuan through seven-day reverse bond repurchase agreements and 40 billion yuan through 28-day reverse repos, they said.

On a net basis, the PBOC will inject a net 90 billion yuan into the market for the day as there are no reverse repos expiring on Monday.

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

 

 

Copyright Reuters, 2018