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The People's Bank of China (PBOC) injected CNY500 billion via 1-year medium-term lending facility and CNY10 billion via 7-day reverse repos with the rates unchanged at 2.95% and 2.2%, respectively, on Friday. This keeps the liquidity unchanged after offsetting the maturity of CNY500 billion MLF and CNY10 billion repos today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1777% at 09:39 am local time from the close of 2.1903% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 40 on Thursday, flat from the close of Wednesday.