MNI: PBOC Injects Net 141 Bln Via OMO Fri; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY202 billion via 14-day repo on Friday, with the rate unchanged at 1.95%. The operation has led to a net injection of CNY97 billion after offsetting the maturity of CNY105 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9583% at 09:37am local time from the close of 2.0151% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 45 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.