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MNI: PBOC Net Drains CNY215.65 Bln via OMO Tuesday

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The People's Bank of China (PBOC) conducted CNY0.62 billion via 7-day reverse repo on Tuesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY215.65 billion after offsetting the CNY216.27 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6857% at 09:40 am local time from the close of 1.6916% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY0.62 billion via 7-day reverse repo on Tuesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY215.65 billion after offsetting the CNY216.27 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6857% at 09:40 am local time from the close of 1.6916% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.