PBOC drains net CNY 110 bn via OMOs this week

Dhwani Mehta FXStreet

PBOC drains a net CNY 110 bn via Open Market Operations (OMOs) this week versus a net drainage of CNY 30 bn seen last week.

Meanwhile, the Central bank injected CNY 70 bn via 7 day reverse repos and CNY 50 bn via 14-day reverse repos today.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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