MNI: PBOC Injects Net 440 Bln Via OMO Thurs; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY101 billion via 7-day reverse repo and CNY508 billion via 14-day reverse repo on Thursday, with the rate unchanged at 1.80% and 1.95%, respectively. The operation has led to a net injection of CNY440 billion after offsetting the maturity of CNY169 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8118% at 09:27am local time from the close of 1.9513% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Wednesday, compared with the close of 43 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.