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PBOC to inject 80b yuan through 7-day reverse repos: traders
[SHANGHAI] China's central bank will inject 80 billion yuan (S$16.75 billion) into the money markets through seven-day reverse bond repurchase agreements on Wednesday, traders said.
Maturing reverse repos will drain a net 200 billion yuan from the banking system this week.
The People's Bank of China conducted a net injection of 85 billion yuan into the banking system last week.