The People's Bank of China (PBOC) conducted a 93 billion yuan 7-day reverse repurchase operation today April 27, and the winning bid rate was 2.00%, which was the same as before.
As 34 billion yuan of 7-day reverse repurchases expired today, the central has pumped a net cash of 59 billion yuan into the open market today.
China to Further Expand RMB Settlement for Cross-Border Trade, State Council Says
