MNI: PBOC Injects Net 226 Bln Via OMO Weds; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY205 billion via 7-day repo and CNY86 billion via 14-day repo on Tuesday, with the rate unchanged at 1.80% and 1.95%, respectively. The operation has led to a net injection of CNY226 billion after offsetting the maturity of CNY65 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8275% at 09:37am local time from the close of 1.9799% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Tuesday, compared with the close of 54 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.