The People's Bank of China (PBOC) injected CNY100 billion via one-year medium-term lending facilities and CNY3 billion via 7-day reverse repos with the rate unchanged at 2.85% and 2.10%, respectively on Friday. This keeps the liquidity unchanged after offsetting the maturity of CNY100 billion MLF and CNY3 billion repos 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) rose to 1.6645% at 9:41 am local time from the close of 1.5350% on Thursday.
- The CFETS-NEX money-market sentiment index closed at 42 on Thursday vs 43 on Wednesday.