MNI: PBOC Injects Net 170 Bln Via OMO Tues; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY378 billion via 14-day repo on Tuesday, with the rate unchanged at 1.95%. The operation has led to a net injection of CNY170 billion after offsetting the maturity of CNY208 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9155% at 09:55am local time from the close of 2.1469% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Monday, compared with the close of 43 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.