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.