April 02, 2024 02:13 GMT
MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; 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 Tuesday, with the rates unchanged at 1.80%. The operation has led to a net drain of CNY148 billion after offsetting CNY150 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8187% at 10:12 am local time from the close of 1.8734% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Monday, compared with the close of 40 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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