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PBOC does 20 billion yuan reverse repos, drains 45 billion yuan for week

Published 22/10/2015, 02:24
© Reuters. A woman rides past the headquarters of the People's Bank of China in Beijing

SHANGHAI (Reuters) - China's central bank will inject 20 billion yuan ($3.15 billion) into the money markets through seven-day reverse bond repurchase agreements on Thursday, traders said, meaning it will drain a net 45 billion yuan from the market this week.

© Reuters. A woman rides past the headquarters of the People's Bank of China in Beijing

The People's Bank of China (PBOC) conducted a net drain of 70 billion yuan from the market last week.

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