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MNI: PBOC Injects Net 59 Bln Via OMO Tuesday; Rates Unchanged

MNI (Singapore)
（MNI）Beijing
Central Bank NewsPolicy NewsPBOCAPACChinaBriefStoryRegion
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The People's Bank of China (PBOC) conducted CNY208 billion via 7-day repo and CNY60 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 CNY59 billion after offsetting the maturity of CNY209 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8928% at 09:34am local time from the close of 1.9506% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Monday, compared with the close of 50 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY208 billion via 7-day repo and CNY60 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 CNY59 billion after offsetting the maturity of CNY209 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8928% at 09:34am local time from the close of 1.9506% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Monday, compared with the close of 50 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.