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MNI: PBOC Injects Net CNY73 Bln Via OMO Thur; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY100 billion via 7-day reverse repo on Thursday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net injection of CNY73 billion reverse repos after offsetting CNY27 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8043% at 09:56 am local time from the close of 1.9840% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Wednesday, compared with 60 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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