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MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

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The People's Bank of China (PBOC) conducted CNY149.1 billion via 7-day reverse repo on Tuesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY236.6 billion after offsetting the maturity of CNY385.7 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) roes to 1.7555% at 10:15 am local time from the close of 1.7315% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Monday, compared with the close of 51 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 CNY149.1 billion via 7-day reverse repo on Tuesday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY236.6 billion after offsetting the maturity of CNY385.7 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) roes to 1.7555% at 10:15 am local time from the close of 1.7315% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Monday, compared with the close of 51 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.