22 May 2019

PBoC sells 18 bln yuan reverse repos, statement says

The People’s Bank of China pumped 18 billion yuan (US$2.95 billion) into the financial system Tuesday by selling reverse repurchase agreements, according to a statement posted on its website. The seven-day reverse repos were priced to yield 4.1 percent. About 65 billion yuan of reverse repos will be due this week, PBoC data shows.

– Contact HKEJ at [email protected]



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