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MNI: PBOC Injects Net CNY287Bln Via OMO Mon; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY381 billion via 7-day reverse repo and CNY90 billion via 14-day on Monday, with the rates unchanged at 1.80% and 1.95%, respectively. The reverse repo operation has led to a net injection of CNY287 billion reverse repos after offsetting CNY184 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9150% at 09:29 am local time from the close of 1.7758% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 39 on Friday, compared with the close of 44 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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