March 19, 2024 01:54 GMT
MNI: PBOC Drains Net CNY5 Bln Via OMO Tues; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY5 billion via 7-day reverse repo on Tuesday, with the rates unchanged at 1.80%. The operation has led to a net drain of CNY5 billion after offsetting CNY10 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8871% at 09:54 am local time from the close of 1.8789% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 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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