May 15, 2024 01:41 GMT
MNI: PBOC Conducts CNY125 Bln 1Y MLF Weds; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY125 billion via 1-year MLF and CNY2 billion via 7-day reverse repo on Wednesday, with the rates unchanged at 2.50% and 1.80%, respectively. The operation has led to no change to the liquidity after offsetting the CNY125 billion MLF and CNY2 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8069% at 09:40 am local time from the close of 1.8402% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 41 on Tuesday, compared with the close of 42 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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