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MNI: PBOC Injects CNY10 Billion via OMOs, Liquidity Unchanged

MNI (Singapore)
BEIJING (MNI)
True

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.1% on Monday. This keeps the liquidity unchanged after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

  • The 25 bps cut to banks' reserve requirement ratio announced on April 15 takes effect today, releasing about CNY530 billion of long-term funds, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9364% at 09:34 am local time from the close of 1.7518% on Sunday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Sunday vs 49 on Friday.
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The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.1% on Monday. This keeps the liquidity unchanged after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

  • The 25 bps cut to banks' reserve requirement ratio announced on April 15 takes effect today, releasing about CNY530 billion of long-term funds, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9364% at 09:34 am local time from the close of 1.7518% on Sunday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Sunday vs 49 on Friday.