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The People's Bank of China (PBOC) injected CNY100 billion via 7-day reverse repos with the rate unchanged at 2.2% on Friday. The operations lead to a net injection of CNY90 billion after offsetting the maturity of CNY10 billion reverse repos today, according to Wind Information.

  • The operation aims to offset the impact of tax season and the issuance of government bonds, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.2000% at 09:25 am local time from the close of 2.0266% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Thursday vs 39 on Wednesday.