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MNI: PBOC Net Drains CNY2 Billion via OMOs Tuesday

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The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.00% on Tuesday. The operation has led to a net drain of CNY2 billion after offsetting the maturity of CNY4 billion 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 1.9083% at 09:43 am local time from the close of 1.4454% on Friday, the last working day before the Mid-Autumn Festival.
  • The CFETS-NEX money-market sentiment index closed at 50 on Friday vs 46 on Thursday.
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The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.00% on Tuesday. The operation has led to a net drain of CNY2 billion after offsetting the maturity of CNY4 billion 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 1.9083% at 09:43 am local time from the close of 1.4454% on Friday, the last working day before the Mid-Autumn Festival.
  • The CFETS-NEX money-market sentiment index closed at 50 on Friday vs 46 on Thursday.