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MNI: PBOC Injects Net CNY90 Billion via OMOs Wednesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY100 billion via 7-day reverse repos with the rate unchanged at 2.1% on Wednesday. The operation has led to a net injection of CNY90 billion after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1230% at 09:30 am local time from the close of 2.0719% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 49 on Tuesday vs 44 on Monday.
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