May 16, 2024 01:47 GMT
MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo on Thursday, with the rates unchanged at 1.80%, respectively. The operation has led to no change to the liquidity after offsetting the CNY2 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7949% at 09:47 am local time from the close of 1.8087% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 42 on Wednesday, compared with the close of 41 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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