The central bank’s reverse repo operations today net injected 174.5 billion yuan.

Golden Finance reported that on July 20, the People’s Bank of China: today conducted 7-day reverse repo operations worth RMB398.5 billion, with a bid volume of RMB398.5 billion and a winning amount of RMB398.5 billion. The operation interest rate was 1.40%, unchanged from before. Because today had RMB224.0 billion of 7-day reverse repo maturing, net injections on the day were RMB174.5 billion.
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