June 17, 2024 02:00 GMT
MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY182 billion via 1-year MLF and CNY4 billion via 7-day reverse repo on Monday, with the rates unchanged at 2.50% and 1.80%, respectively. The operation has led to a net drain of CNY51 after offsetting the CNY237 billion maturity of MLF today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8588% at 09:59 am local time from the close of 1.8198% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 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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