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MNI: PBOC Net Injects CNY10 Bln via OMOs Tuesday

MNI (Singapore)
True

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.10% on Tuesday. 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 1.8436% at 09:39 am local time from the close of 1.6499% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Monday vs 39 on Friday.
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The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.10% on Tuesday. 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 1.8436% at 09:39 am local time from the close of 1.6499% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Monday vs 39 on Friday.