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MNI: PBOC Injects Net CNY40 Billion Via OMOs Monday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY50 billion via seven-day reverse repos with the rate unchanged at 2.2% on Monday. This operation has injected net CNY40 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 2.2000% at 9:26 am local time from the close of 1.8992% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 44 on Friday vs 49 on Thursday.
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