14 November 2018

PBoC sells 255 bln yuan reverse repos, statement says

The People’s Bank of China pumped 255 billion yuan (US$42.13 billion) into the financial system Tuesday by selling two types of reverse repurchase agreements, it said in a statement on its website. Of the amount, 75 billion yuan was sold at a 4.10 percent yield with maturity of seven days while the remaining 180 billion yuan had a 4.7 percent yield and maturity of 21 days. The central bank had suspended its sales for nearly a month after selling 29 billion yuan worth of reverse repos last Dec. 24.

– Contact HKEJ at [email protected]



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