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MNI: PBOC Drains Net CNY157 Bln Via OMO Tues; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY65 billion via 7-day reverse repo on Tuesday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net drain of CNY157 billion reverse repos after offsetting CNY222 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8000% at 10:05 am local time from the close of 1.7918% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Monday, compared with the close of 48 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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