24 September 2018

PBoC sells 35 bln yuan reverse repos, statement says

The People’s Bank of China (PBoC) injected 35 billion yuan (US$5.74 billion) into the financial system Tuesday through an offer of reverse repurchase agreements (repos), it said in a statement on its website. It sold the seven-day paper at a yield of 4.10 percent. A total of 9 billion yuan of reverse repos will be due this week, PBoC data shows.

– Contact HKEJ at [email protected]



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