The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos and CNY400 billion 1-year medium-term lending facilities with the rate unchanged at 2.00% and 2.75%, respectively, on Thursday. The operation has led to a net drain of CNY200 billion after offsetting the maturity of CNY2 billion repos and CNY600 MLFs 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 1.6076% at 09:33 am local time from the close of 1.5113% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 47 on Wednesday, flat from the close of Tuesday.