PBOC drains funds via OMOs for 2nd straight week

China Central Bank, PBOC, continues to withdraw funds for the second week in a row. PBOC drains a net 65 bln Yuan for the week via open market operations (OMOs), versus a net 645 bln drain last week.

For today, the Chinese central bank injected 20 bln Yuan through 7 day reverse repos, MNI quoted traders.