Money
Central bank to sell 6b yuan 3-month bills
(Agencies)
Updated: 2011-05-04 17:39
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The People's Bank of China (PBOC), the central bank,?said on Wednesday that it would auction 6 billion yuan ($923 million) of three-month bills in its open market operations on Thursday, down from 11 billion yuan of such bills sold last week.
A total of 158 billion yuan in central bank bills and repos are due to mature this week. PBOC conducted a net injection of 241 billion yuan into the banking system last week.
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