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MNI: PBOC Injects Net CNY800 Bln Via MLF Fri; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY1.45 trillion via 1-year MLF and CNY50 billion via 7-day reverse repo on Friday, with the rates unchanged at 2.50% and 1.80%, respectively. Today's MLF has led to a net injection of CNY800 billion after offsetting the maturity of CNY650 billion, which marks the biggest daily injection on record. The reverse repo operation has led to a net drain of CNY147 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7406% at 09:48 am local time from the close of 1.8239% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 46 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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