The People’s Bank of China has injected a net 17 billion yuan (US$2.79 billion) into the financial system this week after selling 19 billion yuan of reverse repurchase agreements on Thursday. The reverse repos were priced at a 4.3 percent yield with maturity of 14 days, the central bank said in a statement on its website Thursday. It sold 32 billion yuan of reverse repos on Tuesday. A total of 35 billion yuan of reverse repos and 1 billion yuan of central bank bills are maturing this week.
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