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The People's Bank of China (PBOC) injected CNY100 billion via 14-day reverse repos with the rate unchanged at 2.35% on Tuesday. The operations lead to a net injection of CNY100 billion as no reverse repos 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 2.2090% at 09:23 am local time from the close of 1.9232% on Monday.
- The CFETS-NEX money-market sentiment index closed at 52 on Monday vs 43 on Sunday.