Business
Money
PBOC does 107b yuan repos, injects 28b yuan to market
Updated: 2011-04-07 14:36
(Agencies)
SHANGHAI - China's central bank will drain 10 billion yuan ($1.5 billion) from the money markets through 91-day bond repurchase agreements and 97 billion yuan through 28-day bond repurchase agreements on Thursday, Reuters reported, citing the traders.
Last week, the People's Bank of China (PBOC) conducted a net drain of 153 billion yuan from the market. PBOC will mop up 76 billion yuan by selling three-month and one-year bills on Thursday, the report said.
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