BEIJING (MNI) – The People’s Bank of China injected CNY10 billion in seven-day reverse repos and CNY30 billion in 28-day reverse repos at open-market operations Monday, traders said.
This resulted in a net zero injection or drain. A total of CNY40 billion in reverse repos matures Monday.
The PBOC skipped its 14-day reverse repos Monday – as it did a week ago Monday.
A total of CNY210 billion matures this week. A total of CNY207 billion of Medium-term Lending Facility matures Friday.
The benchmark seven-day repo average was last at 2.6510% compared with 2.9136% Friday.
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