PBOC drains a net 245 bln Yuan this week via OMOs

China’s central bank, the PBOC drained a net 245 bln Yuan for the week via open market operations (OMOs), versus a net 375 bln injections last week.

For today, the Chinese central bank injected 160 bln Yuan through 7 day reverse repos, and injected 90 bln yuan through 14-day reverse repos, MNI quoted traders.