MNI: PBOC Injects Net 135 Bln Via OMO Mon; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY319 billion via 14-day repo on Monday, with the rate unchanged at 1.95%. The operation has led to a net injection of CNY135 billion after offsetting the maturity of CNY184 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9735% at 09:28am local time from the close of 2.1957% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.