PBOC to inject 30 billion yuan via seven-day reverse repos: traders

Reuters

SHANGHAI (Reuters) - China's central bank will inject 30 billion yuan ($4.49 billion) into money markets through seven-day reverse bond repurchase agreements on Wednesday, traders said.

 

Maturing reverse repos will drain a net 195 billion yuan from the banking system this week.

 

The People's Bank of China conducted a net drain of 645 billion yuan from the banking system last week.

 

(Reporting by the Shanghai Newsroom; Editing by Sunil Nair)

 

 
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