The People’s Bank of China (PBOC) made a net injection of 350 billion yuan (approx. USD$51.8 billion) on 22 September via open market operations.
PBOC undertook 200 billion yuan in 7-day reverse repo operations and 150 billion yuan in 14-day reverse repo operations on 22 September.
Given that no instruments matured on the same date, PBOC’s open market operations resulted in net injections of 350 billion yuan, and brought the outstanding reverse repo balance to 890 billion yuan.
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