The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.10% on Thursday. The operation has led to a net drain of CNY40 billion after offsetting the maturity of CNY50 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 2.1462% at 09:37 am local time from the close of 2.0053% on April 29, the last working day before May Day holiday.
- The CFETS-NEX money-market sentiment index closed at 39 on April 29.