PBOC does 400B yuan reverse repos, injects 315B yuan for week

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China's central bank will inject 290 billion yuan ($44.09 billion) into the money markets through 28-day reverse bond repurchase agreements, and will inject 110 billion yuan through seven-day reverse bond repurchase agreements on Thursday, traders said.

This means the People's Bank of China (PBOC) will inject a net 315 billion yuan into the market this week.

The central bank conducted a net injection of 40 billion yuan into the market last week.

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