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2 years ago
PBOC to inject 440 billion yuan via reverse repos, biggest daily injection in three years
January 26, 2016 / 1:31 AM / 2 years ago

PBOC to inject 440 billion yuan via reverse repos, biggest daily injection in three years

A woman rides past the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014.Petar Kujundzic

SHANGHAI (Reuters) - China's central bank will inject 80 billion yuan (8.5 billion pounds) into the money markets through seven-day reverse bond repurchase agreements, and will inject 360 billion yuan via 28-day reverse repos on Tuesday, traders said.

This would be the biggest daily injection since February 2013.

Maturing reverse repos will drain a net 190 billion yuan from the banking system this week.

The People's Bank of China (PBOC) conducted a net injection of 315 billion yuan into the banking system last week.

Reporting by Shanghai Newsroom; Editing by Sam Holmes

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