PBOC funnels 278b yuan into market

The People's Bank of China (PBC), the country's central bank, completed a weekly net injection of 278 billion yuan ($34.83 billion) into the money market Thursday, the largest weekly injection so far this year.

PBC injected 145 billion yuan into the interbank market through 80 billion yuan worth of seven-day reverse repurchase agreements and 65 billion yuan worth of 14-day reverse repurchase agreements in its regular open-market operations Thursday.

Meanwhile, 33 billion yuan worth of bills and repos are due to mature this week, according to the figures from Wind, a financial data provider.