More on PBOC selling repurchase contracts for 1st time in 8 months

I had the headlines of the cash drain earlier, here:People’s Bank of China (PBOC) to drain 48bn yuan via 14-day repo today

There’s more here, at Bloomberg: PBOC Drains Funds Using Repos for First Time in Eight Months

“The central bank needs to maintain funding costs at an appropriate level,” said Huang Wentao, a Beijing-based bond analyst at China Securities Co. “The PBOC will probably continue repo operations and monetary policy will continue to be neutral-to-tight in the first two quarters.”