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MNI: PBOC Injects Net CNY10 Billion via OMOs Thursday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos and CNY10 billion via 14-day reverse repo with the rate unchanged at 2.2% and 2.35% respectively on Thursday. This operation has injected net CNY10 billion after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

  • The operation aims to maintain the liquidity stable towards year-end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1666% at 09:38 am local time from the close of 1.9617% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Wednesday vs 47 on Tuesday.
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