April 08, 2024 01:55 GMT
MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates 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 Monday, with the rates unchanged at 1.80%. The operation has led to no change to the liquidity after offsetting CNY2 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8034% at 09:55 am local time from the close of 1.8135% before traditional tomb sweeping day holiday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 40 on Sunday, compared with the close of 39 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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