The People's Bank of China (PBOC) injected CNY3 billion via 7-day reverse repos with the rate unchanged at 2.10% on Monday. The operation has led to a net drain of CNY97 billion after offsetting the maturity of CNY100 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 1.6524% at 09:37 am local time from the close of 1.6748% on Friday.
- The CFETS-NEX money-market sentiment index closed at 43 on Friday vs 65 on Thursday.