The People’s Bank of China (PBOC) undertook 150 billion yuan in 7-day reverse repo operations on 11 November.
The operation coincided with the maturation of 120 billion yuan in reverse repos, for a net injection of 30 billion yuan. The rate for the reverse repos remained unchanged at 2.20%.
Since the start of November PBOC has undertaken reverse repo operations on six out of eight trading days, unleashing 590 billion yuan in funds via 7-day instruments with a rate of 2.20%.
Data from Wind indicates that 600 billion yuan in medium-term lending (MLF) facilities are set to mature in November, including 400 billion yuan on 5 November and 200 billion yuan on 15 November.