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MNI: PBOC Injects Net CNY50 Billion via OMOs Friday

MNI (Singapore)
True

The People's Bank of China (PBOC) injected CNY60 billion via 7-day reverse repos with the rate unchanged at 2.1% on Friday. This led to a net injection of CNY50 billion after offsetting the maturing CNY10 billion reverse repos today, according to Wind Information.

  • The operation aims to keep liquidity stable at the end of mid-year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9386% at 9:46 am local time from the close of 1.6135% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 49 on Thursday vs 43 on Wednesday.
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The People's Bank of China (PBOC) injected CNY60 billion via 7-day reverse repos with the rate unchanged at 2.1% on Friday. This led to a net injection of CNY50 billion after offsetting the maturing CNY10 billion reverse repos today, according to Wind Information.

  • The operation aims to keep liquidity stable at the end of mid-year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9386% at 9:46 am local time from the close of 1.6135% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 49 on Thursday vs 43 on Wednesday.