Trial now

Needle Still Points North


Bearish Correction Still In Play

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.2% on Tuesday. The operation left liquidity unchanged given it netted off CNY10 billion reverse repos maturing 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) increased to 2.1955% at 09:25 am local time from the close of 2.1472% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 58 on Monday vs 48 on Friday.