MNI: PBOC Injects Net 412 Bln Via OMO Weds; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY200mbilion via 7-day reverse repo and CNY417 billion via 14-day reverse repo on Wednesday, with the rate unchanged at 1.80% and 1.95%, respectively. The operation has led to a net injection of CNY412 billion after offsetting the maturity of CNY205 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8300% at 09:34am local time from the close of 2.2019% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Tuesday, compared with the close of 46 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.