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MNI: PBOC Injects Net CNY155 Bln Via OMO Mon; Rates Unchanged

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY789 billion via 1-year MLF and CNY106 billion via 7-day reverse repo on Monday, with the rate unchanged at 2.50% and 1.80%, respectively. The operation has led to a net injection of CNY155 billion after offsetting the maturity of CNY240 billion reverse repos today and CNY500 billion MLF Tuesday, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7746% at 09:50 am local time from the close of 1.8833% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 42 on Friday, the same as the close on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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