China’s central bank will inject 50 billion yuan (5.2 billion pounds)into the money markets through 14-day reverse bond repurchase agreements and an additional 50 billion yuan through 28-day reverse repos on Tuesday, traders said.
PBOC also injected 10 billion yuan into the money markets through 28-day reverse repos on Monday in an off-schedule open market operation.
Maturing reverse repos will drain a net 180 billion yuan from the banking system this week.
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