MNI: PBOC Net Drains CNY10 Billion via OMOs Wednesday
The People's Bank of China (PBOC) on Wednesday injected CNY8 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY10 billion after offsetting the maturity of CNY18 billion reverse repos today, according to Wind Information.
- The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8383% at 9:31 am local time from the close of 1.8193% on Tuesday.
- The CFETS-NEX money-market sentiment index closed at 45 on Tuesday vs 49 on Monday.