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MNI: PBOC Net Drains CNY190 Bln via OMOs Monday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.2% on Monday. The operation led to a net drain of CNY190 billion after offsetting the maturity of CNY200 billion reverse 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 2.2000% at 09:26 am local time from the close of 2.3400% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 37 on Friday vs 50 on Thursday.
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