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MNI: PBOC Injects CNY160 Bln via OMOs Fri; MLF Rate Flat

MNI (Singapore)
BEIJING (MNI)

The People's Bank of China (PBOC) injected CNY150 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 Friday. The operations keep the liquidity unchanged after offsetting the maturity of CNY150 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) rose to 2.0079% at 09:31 am local time from the close of 1.8605% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 40 on Thursday vs 52 on Wednesday.
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