The People's Bank of China (PBOC) injected CNY3 billion via 7-day reverse repos with the rate unchanged at 2.10% on Tuesday. The operation has led to a net drain of CNY107 billion after offsetting the maturity of CNY110 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) rose to 1.8157% at 09:25 am local time from the close of 1.5763% on Monday.
- The CFETS-NEX money-market sentiment index closed at 46 on Monday vs 43 on Friday.