PBOC injects net 55 billion yuan for week, first since late Jan
Published on Apr 10, 2014 9:52 AM
SHANGHAI (Reuters) - China's central bank will drain 114 billion yuan (S$22.9 billion) from the money markets through forward bond repurchase agreements on Thursday, traders said, meaning it will inject a net 55 billion yuan into the market this week.
That will mark the first time it has injected funds on a net basis since the end of January.
The People's Bank of China (PBOC) drained funds by issuing 70 billion yuan worth of 14-day repos and 44 billion yuan in 28-day repos.
The PBOC conducted a net drain of 62 billion yuan from the market last week.