October 10, 2024 01:30 GMT
MNI: PBOC Net Drains CNY142 Bln via OMO Thursday
MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY150 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY142 billion after offsetting maturities of CNY292 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6396% at 09:30 am local time from the close of 1.8222% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, compared with the close of 58 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
99 words