Early session Sept 15 — DR007 fell to 1.4100%, trading around the PBOC's 1.4% 7-day policy rate. The PBOC skipped 7-day reverse repos for a second consecutive trading day but injected 597 bln yuan via overnight reverse repos. DR007 is the short-end money-market anchor; the spread versus the PBOC 7-day reverse-repo rate is used to gauge market liquidity (DR007 above the policy rate signals tightness; below signals ample funds).

2026-09-15

Early session Sept 15 — DR007 fell to 1.4100%, trading around the PBOC's 1.4% 7-day policy rate. The PBOC skipped 7-day reverse repos for a second consecutive trading day but injected 597 bln yuan via overnight reverse repos. DR007 is the short-end money-market anchor; the spread versus the PBOC 7-day reverse-repo rate is used to gauge market liquidity (DR007 above the policy rate signals tightness; below signals ample funds).