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PBOC to inject 230b yuan through 7-day reverse repos
[SHANGHAI] China's central bank will inject 230 billion yuan (S$49.56 billion) into the money markets through seven-day reverse bond repurchase agreements on Monday, traders said.
Maturing reverse repos will drain a net 1.16 trillion yuan from the banking system this week, according to Reuters calculations.
The People's Bank of China conducted a net drain of 80 billion yuan from the banking system last week.