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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
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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.
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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.