March 14, 2024 01:41 GMT
MNI: PBOC Drains Net CNY7 Bln Via OMO Thurs; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY3 billion via 7-day reverse repo on Thursday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net drain of CNY7 billon after offsetting CNY10 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8609% at 09:40 am local time from the close of 1.8965% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 46 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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