PBOC to inject 80 bln yuan through 7-day reverse

PBOC to inject 80 bln yuan through 7-day reverse

SHANGHAI, May 11 (Reuters) - China's central bank will inject 80 billion yuan ($12.27 billion) into the money markets through seven-day reverse bond repurchase agreements on Wednesday, traders said.

Maturing reverse repos will drain a net 360 billion yuan from the banking system this week.

The People's Bank of China conducted a net drain of 220 billion yuan from the banking system last week. ($1 = 6.5178 Chinese yuan) (Reporting by Nathaniel Taplin; Editing by Paul Tait)

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