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