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MNI: PBOC Injects Net CNY204 Bln Tues; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY414 billion via 7-day reverse repo on Tuesday, with the rate unchanged at 1.80%. The operation has led to a net injection of CNY204 billion after offsetting the maturity of CNY210 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:23 am local time from the close of 1.8983% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 53 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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