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MNI: PBOC Conducts CNY10 Bln Via OMO Tues; Liquidity Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY10 billion via 7-day reverse repo on Tuesday, with the rates unchanged at 1.80%. The reverse repo operation has led to 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 1.8424% at 09:33 am local time from the close of 1.8693% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Monday, compared with the close of 46 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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