PBOC to inject 185 billion yuan via reverse repos: Traders

By: | Published: November 21, 2016 9:10 AM

China's central bank will inject 110 billion yuan ($15.97 billion) into money markets on Monday through seven-day reverse bond repurchase agreements...

The PBOC did not inject or drain money from the banking system last week. (Reuters)The PBOC did not inject or drain money from the banking system last week. (Reuters)

China’s central bank will inject 110 billion yuan ($15.97 billion) into money markets on Monday through seven-day reverse bond repurchase agreements, 60 billion yuan through 14-day reverse repos, and an additional 15 billion yuan through 28-day reverse repos, traders said.

The PBOC did not inject or drain money from the banking system last week.

In early trade on Monday, the volume weighted average of the seven-day repo rate was at 2.25 percent, down 24.66 basis points from the previous closing average rate.

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