PBOC does 90 bn yuan reverse repos, drains 16 bn for week
Reuters: Shanghai, Jan 05 2013, 09:46 IST
China's central bank will inject 90 billion yuan ($14.45 billion) into money markets through reverse bond repurchase agreements on Saturday, traders said, meaning it will drain a net 16 billion yuan from the market this
week.
The People's Bank of China (PBOC) will make the injection of 90 billion yuan through five-day reverse repos.
The central bank delayed its operations from the customary Tuesday and Thursday slots due to a national holiday to mark the new calendar year in the first week of January.
The People's Bank of China conducted a net injection of 117 billion yuan into the market last week.
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