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MNI: PBOC Net Drains CNY3.27 Bln via OMO Thursday

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The People's Bank of China (PBOC) conducted CNY7.1 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY3.27 billion after offsetting the CNY10.37 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7186% at 09:44 am local time from the close of 1.7223% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Wednesday, compared with the close of 50 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 CNY7.1 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY3.27 billion after offsetting the CNY10.37 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7186% at 09:44 am local time from the close of 1.7223% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Wednesday, compared with the close of 50 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.