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PBOC to inject 50 billion yuan via seven-day reverse repos

Published 15/09/2015, 03:25
© Reuters. A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing

SHANGHAI (Reuters) - China's central bank will inject 50 billion yuan ($7.85 billion) into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said.

Maturing reverse repos will drain a net 230 billion yuan from the banking system this week.

The People's Bank of China (PBOC)conducted a net injection of 80 billion yuan into the banking system last week.

© Reuters. A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing

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