February 06, 2024 01:27 GMT
MNI: PBOC Drains Net CNY224 Bln Via OMO Tues; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY339 billion via 14-day reverse repo on Tuesday, with the rates unchanged at 1.95%. The reverse repo operation has led to a net drain of CNY224 billion reverse repos after offsetting CNY563 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9463% at 09:27 am local time from the close of 1.9678% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 51 on Monday, compared with the close of 44 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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