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MNI: PBOC Injects Total CNY170 Bln Via 7-Day and 14-Day Repos

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY110 billion via 7-day reverse repos and CNY60 billion via 14-day reverse repos on Friday, injecting net CNY30 billion due to the maturity of CNY90 billion reverse repos and CNY50 in deposits of central treasury cash at commercial banks, according to Wind Information.

The rate for 7-day reverse repos and 14-day reverse repos remained unchanged at 2.2% and 2.35% accordingly.

  • The operation aims to keep liquidity stable during the end of the quarter, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2096% at 09:35 am local time from the close of 2.047% on Thursday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 61 on Thursday, flat from Wednesday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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