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MNI: PBOC Injects CNY120 Bln via OMOs Fri; Liquidity Unchanged

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY120 billion via 14-day reverse repos with the rate unchanged at 2.35% on Friday. The operation left liquidity unchanged given it netted off CNY50 billion reverse repos and CNY70 treasury cash deposits at commercial banks maturing 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 2.3238% at 09:36 am local time from the close of 2.1446% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 38 on Thursday vs 41 on Wednesday.
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