PBOC does 90 bln yuan reverse repos, drains 20 bln for week
China’s central bank will inject 90 billion yuan (HK$110 billion) into money markets through reverse bond repurchase agreements on Saturday, traders said, meaning it will drain a net 20 billion yuan from the market this week.
The People’s Bank of China (PBOC) will make the injection of 90 billion yuan through five-day reverse repos.
The central bank delayed its operations from the customary Tuesday and Thursday slots due to a national holiday to mark the new calendar year in the first week of January.
The People’s Bank of China conducted a net injection of 117 billion yuan into the market last week.