PBOC Nets 28.8 Billion Yuan Injection into Market via Reverse Repo Operations

The People's Bank of China (PBOC) Injected a Net 28.8 Billion Yuan into the Market

The PBOC conducted 66.1 billion yuan of 7-day reverse repo operations today, with the winning bid rate at 1.50%, unchanged from the previous operation. As 37.3 billion yuan of 7-day reverse repos matured today, the central bank achieved a net injection of 28.8 billion yuan into the market.