FILE PHOTO – A woman walks out of the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing November 20, 2013. REUTERS/Jason Lee/File Photo
December 13, 2017
SHANGHAI (Reuters) – China’s central bank will inject 130 billion yuan ($19.63 billion) into money markets on Wednesday, traders said.
The People’s Bank of China (PBOC) is injecting 70 billion yuan through seven-day reverse bond repurchase agreements and 60 billion yuan through 28-day reverse repos, they said.
On a net basis, the PBOC will inject a net 60 billion yuan into the market via open market operations for the day, with 70 billion yuan worth of reverse repos due to mature on Wednesday.
The PBOC drained a net 510 billion yuan from the money market last week.
($1 = 6.6210 Chinese yuan)
(Reporting by the Shanghai Newsroom; Editing by Kim Coghill)
