The People's Bank of China (PBOC) on Friday injected CNY8 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY13 billion after offsetting the maturity of CNY21 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 1.9013% at 9:25 am local time from the close of 1.7394% on Thursday.
- The CFETS-NEX money-market sentiment index closed at 48 on Thursday vs 50 on Wednesday.