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MNI: PBOC Net Drains CNY11 Billion via OMOs Monday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) conducted CNY30 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY11 billion after offsetting the maturity of CNY41 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1484% at 09:50 am local time from the close of 2.1127% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Friday, compare with the close of 47 on Thursday.
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The People's Bank of China (PBOC) conducted CNY30 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY11 billion after offsetting the maturity of CNY41 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1484% at 09:50 am local time from the close of 2.1127% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Friday, compare with the close of 47 on Thursday.