Off The Wire
PBOC to inject 100 bln yuan via reverse repos - traders
SHANGHAI, Sept 14 (Reuters) - China's central bank will inject 100 billion yuan ($15.29 billion) into money markets on Thursday, traders said.
The People's Bank of China is injecting 60 billion yuan through seven-day reverse bond repurchase agreements, 30 billion yuan via 14-day reverse repos and 10 billion yuan through 28-day reverse repos, they said.
After the daily injection, the central bank will inject a net 100 billion yuan into the money market for the day as there are no reverse repos due to mature on Thursday.
The PBOC drained a net 330 billion yuan from the money market last week. ($1 = 6.5400 Chinese yuan)
(Reporting by the Shanghai Newsroom; Editing by Kim Coghill)