MNI: PBOC Net Drains CNY23 Bln via OMO Wednesday

Jul-09 01:55
China

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MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY75.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY23 billion after offsetting the maturity of CNY98.5 reverse repo today, acco...