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MNI: PBOC Injects CNY10 Billion via OMOs, Liquidity Unchanged

MNI (Singapore)
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The People's Bank of China (PBOC) injected CNY200 billion via one-year medium-term lending facilities and CNY10 billion via 7-day reverse repos with the rate unchanged at 2.85% and 2.10% respectively on Wednesday. This keeps the liquidity unchanged after offsetting the maturity of CNY 200 billion MLF and CNY10 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 1.9422% at 9:30 am local time from the close of 1.5942% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Tuesday, flat from the close on Monday.
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The People's Bank of China (PBOC) injected CNY200 billion via one-year medium-term lending facilities and CNY10 billion via 7-day reverse repos with the rate unchanged at 2.85% and 2.10% respectively on Wednesday. This keeps the liquidity unchanged after offsetting the maturity of CNY 200 billion MLF and CNY10 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 1.9422% at 9:30 am local time from the close of 1.5942% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Tuesday, flat from the close on Monday.