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MNI: PBOC Net Drains CNY124 Billion via OMOs Thursday

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MNI (Beijing)
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The People's Bank of China (PBOC) on Thursday injected CNY8 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY124 billion after offsetting the maturity of CNY132 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 1.8999% at 9:27 am local time from the close of 1.5982% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 50 on Wednesday vs 47 on Tuesday.
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The People's Bank of China (PBOC) on Thursday injected CNY8 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY124 billion after offsetting the maturity of CNY132 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 1.8999% at 9:27 am local time from the close of 1.5982% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 50 on Wednesday vs 47 on Tuesday.