February 05, 2025 01:32 GMT
CHINA: Central Bank Drains Liquidity via OMO.
CHINA
- The PBOC issued CNY697bn of 7-day reverse repo at 1.5% in this morning’s operations.
- Today’s maturities CNY1413.5bn of 14-day reverse repo and CNY.
- Net liquidity withdrawal CNY716.5bn.
- The PBOC controls and maintains liquidity through the issuance of 7-day reverse repo.
- Leading into the Lunar New Year holiday, the PBOC issued 14-day reverse repo to meeting the maturity requirements created by the holiday.
- The CFETS pledged repo institutions 7-day index value printed today at 1.75%.
- China’s overnight repo rates increased to 1.7712%, and the 7-day repo rate declined to 1.8041%
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