August 01, 2024 02:12 GMT
MNI: PBOC Net Drains CNY224.73 Bln via OMO Thursday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY10.37 billion via 7-day reverse repo on Wednesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY224.73 billion after offsetting the CNY235.1 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7014% at 10.11 am local time from the close of 1.7999% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, the same as the close on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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