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MNI: PBOC Net Drains CNY231.6 Bln via OMO Thursday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY292 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net drain of CNY231.6 billion after offsetting maturities of CNY523.6 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8317% at 09:51 am local time from the close of 1.8748% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 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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The People's Bank of China (PBOC) conducted CNY292 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net drain of CNY231.6 billion after offsetting maturities of CNY523.6 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8317% at 09:51 am local time from the close of 1.8748% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Wednesday, compared with the close of 45 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.