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The People's Bank of China (PBOC) injected CNY50 billion via 7-day reverse repos and another CNY50 billion via 14-day reverse repos with the rate unchanged at 2.2% and 2.35%, respectively, on Friday. The operations lead to a net injection of CNY90 billion after offsetting the maturity of CNY10 billion reverse repos today, according to Wind Information.

  • The operation aims to keep liquidity stable by the end of the quarter, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.3600% at 09:47 am local time from the close of 2.2634% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 56 on Thursday vs 58 on Wednesday.