PBoC to Inject 140 Billion Yuan Through Seven-Day Reverse Repos: Traders

by Reuters

SHANGHAI (Reuters) – China’s central bank will inject 140 billion yuan ($21.58 billion) into money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said.

Maturing reverse repos will drain a net 870 billion yuan from the banking system this week.

The People’s Bank of China conducted a net injection of 680 billion yuan into the banking system last week.

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