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.