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Markets

PBOC skips repos, injects 25bn yuan for week

SHANGHAI : China's central bank will not drain funds from the money markets through 91-day bond repurchase agreements on
Published September 1, 2011

yuanSHANGHAI: China's central bank will not drain funds from the money markets through 91-day bond repurchase agreements on Thursday, traders said, meaning it will inject a net 25 billion yuan into the market this week, the seventh straight weekly injection.

Last week, the People's Bank of China (PBOC) conducted a net injection of 16 billion yuan into the market.

The central bank will mop up 1 billion yuan by selling three-month bills at about 10 a.m. (0200 GMT) on Thursday.

 

Copyright Reuters, 2011

 

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