Date
21 October 2017

PBoC sells 48 bln yuan of repos Tuesday, statement says

The People’s Bank of China (PBoC) drained 48 billion yuan (US$7.91 billion) from the financial market on Tuesday by selling repurchase agreements (repos), according to a PBoC statement on its website. The repos were priced at a 3.8 percent yield with a maturity of 14 days. No reverse repos or central bank bills are maturing this week.

– Contact HKEJ at [email protected]

MY/CG

 

 

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