August 21, 2024 01:52 GMT
MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday
MNI (Singapore)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
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.
103 words