21 January 2019

PBoC sells 150 bln yuan reverse repos, statement says

The People’s Bank of China (PBoC) pumped 150 billion yuan (US$24.80 billion) into the financial system Tuesday through the sale of reverse repurchase agreements, according to a statement posted on its website. The central bank sold 14-day reverse repos at 4.3 percent yield. About 75 billion yuan of reverse repos will mature this week, according to PBoC data.

– Contact HKEJ at [email protected]



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