Date
23 July 2018

PBoC injects net 29.1 bln yuan into money market

The People’s Bank of China injected a net 29.1 billion yuan (US$4.77 billion) into the interbank market this week, ending a two-week halt to its open market operations. The central bank sold 16 billion yuan of 14-day reverse repurchase agreements (repos) at a 4.3 percent yield on Thursday, after a 13 billion yuan issue of seven-day reverse repos on Tuesday, central bank data showed. The twice-weekly open market operations resulted in a net 29.1 billion yuan of infusions since it will roll over 5.9 billion yuan of the maturing central bank bills worth 6 billion yuan by three years.

– Contact HKEJ at [email protected]

AM/AC/CG

 

 

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