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MNI: PBOC Net Injected CNY90 Bln via OMOs Tues; MLF Rate Flat

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY300 billion via a 1-year medium-term lending facility and CNY10 billion via 7-day reverse repos with the rates unchanged at 2.85% and 2.10%, respectively, on Tuesday. The operation has led to a net injection of CNY90 billion after offsetting the maturity of CNY200 billion MLF and CNY20 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) rose to 2.1000% at 09:24 am local time from the close of 1.9882% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 49 on Monday, compared with the close of 45 on Friday.
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