Date
22 July 2018

PBoC offers 13 bln yuan in reverse repos, statement says

The People’s Bank of China (PBoC) injected 13 billion yuan (US$2.14 billion) into the financial system Tuesday through an offer of reverse repurchase agreements, according to a statement on its website. It offered the seven-day repos at a yield of 4.10 percent. The central bank halted open market operations for two weeks after it sold 10 billion yuan worth of reverse repos on Oct. 15. About 6 billion yuan of central bank bills are maturing this week, PBoC data shows.

– Contact HKEJ at [email protected]

MY/AC/SK

 

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