PBOC to Conduct Two Reverse Repos on September 19

SHANGHAI, Sept. 19 (SMM) – The People's Bank of China (PBOC) will carry out two reverse repos on September 19.

The central bank will launch 130 billion yuan of 7-day reverse repos and 20 billion yuan of 28-day reverse repos today, and no reverse repos will become due. Hence, this will leave a net injection of 150 billion yuan into open market.   

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