17 February 2020

PBoC sells 85 bln yuan repos, statement says

The People’s Bank of China (PBoC) drained 85 billion yuan (US$13.83 billion) from the financial system Tuesday by selling two batches of repurchase agreements (repos), according to a statement posted on its website. The central bank sold 35 billion yuan of 14-day repos at 3.8 percent yield and 50 billion yuan of 28-day paper at 4.0 percent yield. About 108 billion yuan worth of repos will mature this week, PBoC data shows.

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