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PBOC Conducts RMB11B Reverse Repos; Drains RMB247B Net in Single Day
The People's Bank of China (PBOC) conducted RMB11 billion of seven-day reverse repo operations in the open market today (1st), with the operating rate unchanged at 1.4%. Meanwhile,...
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PBOC Conducts RMB11B Reverse Repos; Drains RMB247B Net in Single Day
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The People's Bank of China (PBOC) conducted RMB11 billion of seven-day reverse repo operations in the open market today (1st), with the operating rate unchanged at 1.4%. Meanwhile, RMB258 billion of reverse repos matured, resulting in a single-day net liquidity drain of RMB247 billion. (jl/da)

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