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MNI: PBOC Injects Net CNY20 Bln via OMOs Thurs

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY30 billion via 7-day reverse repos with the rate unchanged at 2.2% on Thursday, marking the biggest injection since Feb 5, 2021. The operation left a net injection of CNY20 billion given there is CNY10 billion reverse repos maturing today, according to Wind Information.

  • The operation aims to keep liquidity stable at half-year end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) decreased to 2.2359% at 09:40 am local time from the close of 2.2696% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 36 on Wednesday vs 40 on Tuesday.
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