Date
26 April 2018

PBoC injects net 33 bln yuan into money market

China’s central bank injected a net 33 billion yuan (US$5.4 billion) into the interbank market this week, easing liquidity conditions after the weeklong National Day holiday. The People’s Bank of China sold 48 billion yuan of 14-day reverse repurchase agreements (repos) at a 4.1 percent yield on Thursday, after a 65 billion yuan issue of seven-day reverse repos on Tuesday, central bank data show. The biweekly open market operations resulted in a net 33 billion yuan of infusions since a total of 80 billion yuan of reverse repos are maturing.

– Contact HKEJ at [email protected]

YL/AC/SK

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