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MNI: PBOC Net Drains CNY173 Billion via OMOs Friday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY7 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY173 billion after offsetting the maturity of CNY180 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8963% at 09:23 am local time from the close of 1.9178% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Thursday, compare with the close of 42 on Wednesday.
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