Date
23 October 2017

PBoC drains net 108 bln yuan of liquidity, statement says

The People’s Bank of China (PBoC) drained a net 108 billion yuan (US$17.78 billion) from the financial market this week. It sold 60 billion yuan worth of repurchase agreements on Thursday, pricing them at a 3.8 percent yield with a maturity of 14 days, the PBoC said in a statement.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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