The People’s Bank of China (PBoC) refrained from open market operations Thursday after selling 29 billion yuan (US$4.78 billion) worth of reverse repurchase agreements on Tuesday. The reverse repos sold Tuesday were priced at a 4.10 percent yield with maturity of 7 days, according to information posted on the central bank’s website. As there are no repos or central bank bills maturing this week, the PBoC has injected 29 billion yuan into the financial system this week. Today’s suspension of repo sales marks the halt of Thursday operations for the fourth week in a row this month.
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