PBOC to Launch Massive Reverse Repos on September 15

Sep 15, 2017 11:48

Source:SMM

The People's Bank of China (PBOC) will carry out three tranches of reverse repurchase operations in open market on Friday, and no reverse repos are due today.

SHANGHAI, Sept. 15 (SMM) – The People's Bank of China (PBOC) will carry out three tranches of reverse repurchase operations in open market on Friday, and no reverse repos are due today.

The PBOC will conduct 120 billion yuan of 7-day reverse repos, 60 billion yuan of 14-day reverse repos, and 20 billion yuan of 28-day reverse repos today. This will leave a net injection of 200 billion yuan.

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PBOC to Launch Massive Reverse Repos on September 15

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