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MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY258 billion via 7-day reverse repo on Wednesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY111.2 billion after offsetting the maturity of CNY369.2 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) roes to 1.7929% at 09:51 am local time from the close of 1.7801% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, compared with the close of 49 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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