The People's Bank of China (PBOC) has been actively managing liquidity through significant injections via 7-day reverse repos. On June 21, the PBOC sold 10 billion yuan of 7-day reverse repos at an interest rate of 1.8%, resulting in a net injection of 8 billion yuan after accounting for 2 billion yuan of expiring reverse repos. For the week, the PBOC injected a net total of 335 billion yuan through 7-day reverse repos and Medium-term Lending Facility (MLF). On June 25, the PBOC injected an additional 300 billion yuan via 7-day reverse repos, with a net injection of 214 billion yuan after 86 billion yuan matured. The injections were reported by ForexLive on Friday and Tuesday.