Date
14 November 2018

PBoC sells 65 bln yuan reverse repos, statement says

China’s central bank sold 65 billion yuan (US$10.6 billion) of reverse repurchase agreements (repos) on Tuesday, releasing liquidity into the market after the weeklong National Day holiday. The People’s Bank of China issued the seven-day notes in its open market operations at a 3.9 percent yield, it said in a statement on its website. A total of 80 billion yuan of reverse repos mature this week and will reduce cash in the financial system, according to central bank data.

– Contact HKEJ at [email protected]

YL/AC/SK

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