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MNI: PBOC Net Drains CNY50 Billion via OMOs Tuesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY50 billion via 7-day reverse repos with the rate unchanged at 2.10% on Tuesday. The operation has led to a net drain of CNY50 billion after offsetting the maturity of CNY100 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) fell to 2.0135% at 09:50 am local time from the close of 2.2952% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 53 on Monday vs 45 on Friday.

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