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MNI: PBOC Net Drains CNY12 Billion via OMOs Monday

MNI (Singapore)
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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 Monday, while it also injected CNY10 billion via 14-day reverse repos with the rate lowered by 10 bps to 2.15%. The operation has led to a net injection of CNY12 billion as no reverse repos maturing today, according to Wind Information.

  • The operation aims to keep liquidity stable at quarter-end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7596% at 09:33 am local time from the close of 1.6097% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Friday vs 50 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 Monday, while it also injected CNY10 billion via 14-day reverse repos with the rate lowered by 10 bps to 2.15%. The operation has led to a net injection of CNY12 billion as no reverse repos maturing today, according to Wind Information.

  • The operation aims to keep liquidity stable at quarter-end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7596% at 09:33 am local time from the close of 1.6097% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Friday vs 50 on Thursday.