February 3, 2020 / 2:06 AM / 25 days ago

China central bank to inject 1.2 trillion yuan via reverse repos - traders

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/Files

SHANGHAI (Reuters) - China’s central bank will inject 1.2 trillion yuan ($173.81 billion) through open market operations on Monday, traders said.

The People’s Bank of China will pump 900 billion yuan via 7-day reverse repos into the banking system, and another 300 billion yuan via 14-day tenor.

According to Reuters calculations based on official central bank data, 1.05 trillion yuan worth of reverse repos are set to mature on the same day, meaning that 150 billion yuan in net cash will be injected on the day.

Reporting by the Shanghai Newsroom; Editing by Christian Schmollinger

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