The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.10% on Monday. The operation has led to a net injection of CNY10 billion as no reverse repos maturing 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 09:34 am local time from the close of 1.5509% on Friday.
- The CFETS-NEX money-market sentiment index closed at 39 on Friday vs 43 on Thursday.