Date
26 September 2017

PBoC drains net 160 bln yuan from interbank market

The People’s Bank of China (PBoC) drained a net 160 billion yuan (US$26.13 billion) from the financial market this week, according to a PBoC statement. The central bank on Thursday sold 60 billion yuan worth of repurchase agreements with a yield of 3.8 percent and maturity of 14 days, the statement said.

– Contact HKEJ at digest@ejinsight.com

MY/AC/CG

 

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