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MNI: PBOC Net Drains CNY24 Billion via OMOs Tuesday

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The People's Bank of China (PBOC) on Tuesday injected CNY2 billion via 7-day reverse repos and CNY24 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operations have led to a net injection of CNY24 billion after offsetting the maturity of CNY2 billion reverse repos 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 1.7226% at 09:53 am local time from the close of 1.6730% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Monday vs 46 on Friday.
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The People's Bank of China (PBOC) on Tuesday injected CNY2 billion via 7-day reverse repos and CNY24 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operations have led to a net injection of CNY24 billion after offsetting the maturity of CNY2 billion reverse repos 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 1.7226% at 09:53 am local time from the close of 1.6730% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Monday vs 46 on Friday.