The People's Bank of China (PBOC) on Wednesday injected CNY133 billion via 7-day reverse repos and CNY67 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 CNY198 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 1.7853% at 09:57 am local time from the close of 1.6931% on Tuesday.
- The CFETS-NEX money-market sentiment index closed at 50 on Tuesday, flat from the close of Monday.