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MNI: PBOC Injects CNY10 Bln Reverse Repo and CNY600 1Y MLF Wed

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY600 billion through one-year medium-term lending facility (MLF) and CNY10 billion via 7-day reverse repos with the rate unchanged at 2.95% and 2.20% respectively on Wednesday. The operation left liquidity unchanged given it netted off the equivalent reverse repos and MLF 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) decreased to 2.2097% at 09:25 am local time from the close of 2.2884% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 39 on Tuesday vs 54 on Monday.
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