MNI: PBOC Injects Net 29 Bln Via OMO Monday; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY184 billion via seven-day repo and CNY60 billion via 14-day repo on Monday, with the rate unchanged at 1.80% and 1.95%, respectively. The operation has led to a net injection of CNY29 billion after offsetting the maturity of CNY215 billion reverse repos and CNY400 billion MLF today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8318% at 10:01am local time from the close of 1.9079% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Friday, compared with the close of 48 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.