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MNI: PBOC Conducts Net CNY2 Bln Via OMO Tues; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo on Tuesday, 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 1.8139% at 09:55 am local time from the close of 1.8328% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Monday, compared with the close of 40 on Sunday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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