The People's Bank of China (PBOC) conducted a 7-day reverse repo operation of RMB226.2 billion today (14th), with the operation rate remaining unchanged at 1.4%. With RMB106.5 billion in reverse repos maturing today, the net injection for the day is RMB119.7 billion. Related NewsCentral Parity of USD/ RMB Drops 16 bps to 7.1491