February 08, 2024 01:36 GMT
MNI: PBOC Injects Net CNY302 Bln Via OMO Thur; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
True
The People's Bank of China (PBOC) conducted CNY90 billion via 7-day reverse repo and CNY255 billion via 14-day reverse repo on Thursday, with the rates unchanged at 1.80% and 1.95%, respectively. The reverse repo operation has led to a net injection of CNY302 billion reverse repos after offsetting CNY43 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8363% at 09:36 am local time from the close of 1.9538% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, compared with the close of 43 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
116 words