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MNI: PBOC Drains Net CNY130 Billion via OMOs Wednesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY20 billion via 7-day reverse repos with the rate unchanged at 2.10% on Wednesday. The operation has led to a net drain of CNY130 billion after offsetting the maturity of CNY150 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 2.0878% at 09:20 am local time from the close of 2.0656% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Tuesday vs 43 on Monday.
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