May 18, 2023 01:30 GMT
MNI: PBOC Injects CNY2 Billion Via OMOs Thursday
The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to an unchanged liquidity after offsetting the maturity of CNY2 billion reverse repo today, according to Wind Information.
- The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9906% at 09:29 am local time from the close of 1.8557% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 46 on Wednesday, compared with the close of 45 on Tuesday.