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MNI: PBOC Net Drains CNY50 Billion via OMOs Friday

MNI (Singapore)
BEIJING (MNI)

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.10% on Friday. The operation has led to a net drain of CNY50 billion after offsetting the maturity of CNY60 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) fell to 1.9224% at 09:28 am local time from the close of 2.2914% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 65 on Thursday vs 54 on Wednesday.
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