Chinese Central Bank Conducts 10B Yuan in Reverse Repos on 7 May

The People’s Bank of China (PBOC) undertook 10 billion yuan (approx. USD$1.5 billion) in 7-day reverse repo operations on 7 May, with a bid rate of 2.20%.

Because this coincided with the maturation of 10 billion yuan in reverse repos, PBOC made zero net injections on the same date.

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