The People's Bank of China (PBOC) injected CNY150 billion via 7-day reverse repos with the rates unchanged at 2.10% on Monday. The operation has led to a net injection of CNY120 billion after offsetting the maturity of CNY30 billion repos today, according to Wind Information.
- The operation aims to keep liquidity stable at the end of the month, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1404% at 09:24 am local time from the close of 2.2160% on Friday.
- The CFETS-NEX money-market sentiment index closed at 46 on Friday vs 48 on Thursday.