March 18, 2024 01:28 GMT
MNI: PBOC Conducts CNY10 Bln OMO Mon; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY10 billion via 7-day reverse repo on Monday, with the rates unchanged at 1.80%. The operation has led no change to the liquidity after offsetting CNY10 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8044% at 09:28 am local time from the close of 1.8961% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Friday, compared with the close of 46 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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