PBOC to inject 130 billion yuan via reverse repos: traders

PBOC to inject 130 billion yuan via reverse repos: traders

© Jason Lee / Reuters

The People's Bank of China (PBOC) is injecting 70 billion yuan through seven-day reverse bond repurchase agreements and 60 billion yuan through 28-day reverse repos, they said.

On a net basis, the PBOC will inject a net 60 billion yuan into the market via open market operations for the day, with 70 billion yuan worth of reverse repos due to mature on Wednesday.

The PBOC drained a net 510 billion yuan from the money market last week.

($1 = 6.6210 Chinese yuan)

(Reporting by the Shanghai Newsroom; Editing by Kim Coghill)

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