PBOC drains a net 120 bln Yuan this week via OMOs

China’s central bank, the PBOC drained a net 120 bln Yuan for the week via Open Market Operations (OMOs) this week, versus a net 110 bln Yuan drainage last week, Reuters reports.

Meanwhile, the PBOC injected 20 bln Yuan each through 7, 14 and 28-day reverse repos, according to sources.