August 22, 2024 01:50 GMT
MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY359.3 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY218.4 billion after offsetting the maturity of CNY577.7 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7977% at 09:51 am local time from the close of 1.8229% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 55 on Wednesday, compared with the close of 45 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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