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PBOC to inject 150 billion yuan via seven-day reverse repos
September 1, 2015 / 1:23 AM / 2 years ago

PBOC to inject 150 billion yuan via seven-day reverse repos

SHANGHAI (Reuters) - China’s central bank will inject 150 billion yuan ($23.5 billion) into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said.

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic

Maturing reverse repos will drain a net 300 billion yuan from the banking system this week.

The People’s Bank of China (PBOC) conducted a net injection of 60 billion yuan into the banking system last week.

Reporting by the Shanghai Newsroom; Editing by Jacqueline Wong

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