19 October 2018

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 [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe