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Chinese central bank drains 80 bn Yuan from money market
(MENAFN) China"s central bank drained 80bn Yuan (USD12.1bn) from the economic system.
The People's Bank of China pumped 200 billion yuan through reverse repos, with 280 billion yuan of contracts maturing, leading to a net withdrawal of 80 billion yuan.
A total of 680bn Yuan of overturn repos were set to mature this week, as showed by the central bank data.
The People's Bank of China pumped 200 billion yuan through reverse repos, with 280 billion yuan of contracts maturing, leading to a net withdrawal of 80 billion yuan.
A total of 680bn Yuan of overturn repos were set to mature this week, as showed by the central bank data.
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