The People's Bank of China (PBOC) on Monday injected CNY100 billion via one-year medium-term lending facilities and CNY10 billion via seven-day reverse repos with the rates unchanged at 2.85% and 2.10%, respectively. The operation has led to a net drain of CNY10 billion after offsetting the maturity of CNY100 billion MLF and CNY20 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 1.9537% at 09:37 am local time from the close of 1.5496% on Friday.
- The CFETS-NEX money-market sentiment index closed at 43 on Friday vs 41 on Thursday.