China central bank injects 120 billion yuan through seven-day reverse repos – traders

China’s central bank will inject 120 billion yuan ($16.95 billion) into the banking system on Monday through seven-day reverse repurchase agreements, traders said.

On the same day, a batch of 500 billion yuan worth of medium-term lending facility loans are set to expire. Markets will closely monitor whether the central bank rolls over the maturing loans and adjust interest rates.

The People’s Bank of China (PBOC) will issue a statement around 0145 GMT.
Source: Reuters (Reporting by the Shanghai Newsroom; Editing by Shri Navaratnam)