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The central bank's open market operations net withdrew 197.9 billion yuan this week.
Golden Finance reports that on April 30th, the People’s Bank of China conducted 126.2 billion yuan of 7-day reverse repo operations, with a bid volume of 126.2 billion yuan, a winning amount of 126.2 billion yuan, and an operation rate of 1.40%, unchanged from previous levels. Due to 500 million yuan of 7-day reverse repos maturing today, a net injection of 125.7 billion yuan was realized on the same day.
This week, the People’s Bank of China conducted a total of 414.1 billion yuan of 7-day reverse repo operations. As 600 billion yuan of 1-year Medium-term Lending Facility (MLF) and 12 billion yuan of reverse repos matured this week, a net withdrawal of 197.9 billion yuan was achieved.