Date
17 October 2017

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]

MY/AC/CG

 

EJI Weekly Newsletter

Please click here to unsubscribe