February 02, 2024 02:02 GMT
MNI: PBOC Drains Net CNY364 Bln Via OMO Fri; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY83 billion via 7-day reverse repo and CNY14 billion via 14-day reverse repo on Friday, with the rates unchanged at 1.80% and 1.95% respectively. The reverse repo operation has led to a net drain of CNY364 billion reverse repos after offsetting CNY461 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8313% at 10:01 am local time from the close of 1.8354% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Thursday, compared with the close of 47 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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