August 19, 2024 01:45 GMT
MNI: PBOC Net Drains CNY22.4 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY52.1 billion via 7-day reverse repo on Monday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY22.4 billion after offsetting the maturity of CNY74.5 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7009% at 09:45 am local time from the close of 1.8357% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 51 on Friday, compared with the close of 44 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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