March 04, 2024 01:46 GMT
MNI: PBOC Drains Net CNY319 Bln Via OMO Mon; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY10 billion via 7-day reverse repo on Monday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net drain of CNY319 billion reverse repos after offsetting CNY329 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8040% at 09:45 am local time from the close of 1.8197% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Friday, compared with the close of 46 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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