Date
19 October 2017

PBoC sells 100 bln yuan repos, statement says

The People’s Bank of China (PBoC) drained 100 billion yuan (US$16.36 billion) from the financial system Tuesday through the sale of repurchase agreements (repos), according to a statement posted on its website. The central bank sold 14-day repos at 3.8 percent yield. No repos, reverse repos or central bank bills will mature this week.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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