PBOC Injects Net 100b Yuan in Open Market Operations

(Bloomberg) -- The People’s Bank of China sold 50b yuan of 7-day reverse repurchase agreements at a yield of 2.2%, according to a statement from the Chinese central bank Saturday.

• PBOC also sold 50b yuan of 14-day reverse repo at 2.35%
• PBOC injects net 100b yuan in open market operations: Bloomberg calculation
• The operation is aimed at keeping liquidity stable at the end of quarter

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