March 20, 2024 01:40 GMT
MNI: PBOC Conducts CNY3 Bln Via OMO Weds; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY3 billion via 7-day reverse repo on Wednesday, with the rates unchanged at 1.80%. The operation has led to no change to the liquidity after offsetting CNY3 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8158% at 09:39 am local time from the close of 1.8867% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Tuesday, compared with the close of 47 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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