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MNI: PBOC Injects CNY2 Billion Via OMOs Wednesday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repos on Wednesday, 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) rose to 1.8386% at 10:35 am local time from the close of 1.7943% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Tuesday, compared with the close of 47 on Monday.

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