The People's Bank of China, China's central bank, conducted 150 billion yuan worth of 7-day reverse repos on Tuesday.
As there were 150 billion yuan worth of 7-day reverse repos due on Tuesday, the central bank neither drained nor injected funds into the banking system via its open market operations on a single day.
On Monday, the People's Bank of China, China's central bank, injected 140 billion yuan into the market on Monday via 6-day short-term liquidity operations (SLO) with the interest rate at 2.35 percent.
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