The People's Bank of China (PBOC) on Tuesday injected CNY2 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY170 billion after offsetting the maturity of CNY172 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 1.9773% at 9:27 am local time from the close of 1.6416% on Monday.
- The CFETS-NEX money-market sentiment index closed at 46 on Monday, flat from the close of Friday.