PBOC injects net CNY 410 bn via OMOs this week, biggest since Jan-mid

PBOC injects net CNY 410 bn via Open Market Operations (OMOs) for the week versus a net drainage of CNY 10 bln last week, marking the largest injection since mid-January this year.

Meanwhile, the Central bank is likely to inject 30 bn Yuan through 7-day reverse repos, 160 bn Yuan via 14-day reverse repos and 100 bn Yuan via 28-day reverse repos today, as cited by traders.