June 11, 2024 01:41 GMT
MNI: PBOC Net Drains CNY2 Bln Via OMO Tues; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo on Tuesday, with the rates unchanged at 1.80%. The operation has led to a net drain of CNY2 billion after offsetting the CNY4 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8045% at 09:40 am local time from the close of 1.7718% before Dragon Boat Festival holiday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Friday, compared with the close of 50 on the previous day. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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