injected 234.6 billion yuan ($33.29 billion) into the banking system through open market operations. This included a 14-day cash supply for the first time in months, signaling its intent to ease monetary conditions. The PBOC injected 160.1 billion yuan via 7-day reverse repos at 1.70% and 74.5 billion yuan via 14-day reverse repos at 1.85%, down from 1.95% previously.