MNI: PBOC Injects Net 141 Bln Via OMO Thurs; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY169 billion via 7-day repo and CNY82 billion via 14-day repo on Thursday, with the rate unchanged at 1.80% and 1.95%, respectively. The operation has led to a net injection of CNY141 billion after offsetting the maturity of CNY110 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8539% at 09:37am local time from the close of 2.0426% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Wednesday, compared with the close of 44 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.