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MNI: PBOC Injects Total CNY140 Bln Via 7-Day and 14-Day Repos

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY100 billion via 7-day reverse repos and CNY40 billion via 14-day reverse repos on Monday, injecting net CNY60 billion due to the maturity of CNY80 billion reverse repos, according to Wind Information.

The PBOC also deposited CNY80 billion in central treasury cash at commercial banks today.

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 hedge against the impact of government bond issuances and maintain the liquidity stable at the end of the quarter, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) decreased to 2.2000% at 09:25 am local time from the close of 2.2794% on Friday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 57 on last Friday vs 61 on last Thursday. 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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