19 August 2019

PBoC drains net 70 bln yuan from interbank market

The People’s Bank of China (PBoC) drained a net 70 billion yuan (US$11.44 billion) from the financial system this week after selling two batches of repurchase agreements (repos) on Thursday, according to PBoC data. The central bank sold 43 billion yuan of 14-day repos at a 3.8 percent yield and 50 billion yuan of 28-day paper at a 4 percent yield, following Tuesday’s sales of 85 billion yuan repos. A combined 108 billion yuan worth of repos will mature this week, PBoC data shows.

– Contact HKEJ at [email protected]



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