October 17, 2024 01:29 GMT
MNI: PBOC Net Drains CNY17.4 Bln via OMO Thursday
MNI (Singapore)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY132.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY17.4 billion after offsetting the maturity of CNY150 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5343% at 09:29 am local time from the close of 1.6367% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Wednesday, compared with the close of 50 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
100 words