The People's Bank of China (PBOC) conducted a RMB187.5 billion seven-day reverse repo operation today (18th), with the operation rate remaining unchanged at 1.4%. With RMB84.7 billion in reverse repos maturing today, the net injection for the day is RMB102.8 billion. Related NewsRetail Sales YoY for June in China is 4.8%, lower than the previous value of 6.4%. The forecast was 5.6%.