18 August 2019

PBoC sells 100 bln yuan repos, statement says

The People’s Bank of China (PBoC) drained 100 billion yuan (US$16.29 billion) from the financial system Tuesday by selling repurchase agreements (repos), the central bank said in a statement posted on its website. The 28-day repos were priced at a 4.0 percent yield. About 160 billion yuan worth of repos will mature this week, PBoC data shows.

– Contact HKEJ at [email protected]




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