The People's Bank of China (PBOC) conducted today (18th) a 7-day reverse repo operation amounting to RMB156.3 billion with an unchanged operation rate of 1.4%. Additionally, RMB164 billion of reverse repos matured, resulting in a net withdrawal of RMB7.7 billion in a single day. Related NewsCentral Parity of USD/ RMB Drops 17 bps to 7.1789