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MNI: PBOC Injects Net CNY70 Billion via OMOs Thursday

MNI (Singapore)
PolicyAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) injected CNY80 billion via 7-day reverse repos with the rate unchanged at 2.1% on Thursday. This led to a net injection of CNY70 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 2.2103% at 9:45 am local time from the close of 2.0565% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 54 on Wednesday vs 45 on Tuesday.
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The People's Bank of China (PBOC) injected CNY80 billion via 7-day reverse repos with the rate unchanged at 2.1% on Thursday. This led to a net injection of CNY70 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 2.2103% at 9:45 am local time from the close of 2.0565% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 54 on Wednesday vs 45 on Tuesday.