PBOC Skips 7-Day Reverse Repo For Third Straight Session

The People's Bank of China said it conducted no 7-day reverse repo operation today, marking the third consecutive session without such an operation, according to ETNet. With RMB 20 billion of reverse repos maturing today, the central bank recorded a net drain of RMB 20 billion. For the week, the PBOC carried out RMB 816 billion of reverse repos against RMB 2.2275 trillion in maturities, resulting in a net withdrawal of RMB 1.4115 trillion.