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MNI: PBOC Injects Net 95 Bln Via OMO Fri; Rates Unchanged

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY95 billion via 7-day reverse repo on Friday, with the rate unchanged at 1.80%. The operation has led to a net injection of CNY95 billion as no reverse repos matures today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8908% at 09:56 am local time from the close of 1.9525% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 42 on Thursday, compared with the close of 41 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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