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MNI: PBOC Net Injects CNY20 Bln via OMOs Monday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY30 billion via 7-day reverse repos with the rates unchanged at 2.10% on Monday. The operation has led to a net injection of CNY20 billion after offsetting the maturity of 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) rose to 2.1000% at 09:29 am local time from the close of 2.0616% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 44 on Friday vs 43 on Thursday.

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