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MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo on Friday, with the rates unchanged at 1.80%. The operation has led to a net CNY11 billion after offsetting CNY13 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8552% at 09:33 am local time from the close of 1.8690% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo on Friday, with the rates unchanged at 1.80%. The operation has led to a net CNY11 billion after offsetting CNY13 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8552% at 09:33 am local time from the close of 1.8690% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.