February 12, 2025 01:56 GMT
MNI: PBOC Net Drains CNY139 Bln via OMO Wednesday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY558 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY139 billion after offsetting the maturity of CNY697 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8211% at 09:55 am local time from the close of 1.9013% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Tuesday, compared with the close of 54 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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