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MNI: PBOC Net Drains CNY100 Billion Via OMOs Friday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY10 billion via seven-day reverse repos with the rate unchanged at 2.2% on Friday. This operation has drained net CNY100 billion after offsetting the maturity of CNY110 billion reverse repos, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The seven-day weighted average interbank repo rate for depository institutions rose to 2.1135% at 10:13 am local time from the close of 1.9310% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Thursday vs 39 on Wednesday.
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