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PBOC to inject 60 bln yuan via reverse repos

CCTV.com

01-27-2015 16:00 BJT

China's central bank was to inject 30 billion yuan, or 4.8 billion US dollars, into the money markets today through seven-day reverse bond repurchase agreements and 30 billion yuan more through 28-day reverse bond repurchase agreements. 

The move comes as maturing reverse repos this week will drain a net 50 billion yuan injected into the markets last week by the People's Bank of China. The PBOC said earlier that it's working to ensure a stable monetary supply and to prevent too much liquidity from flowing into the markets. The central bank also said that it bases its monetary decisions on constantly changing economic circumstances.

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