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MNI: PBOC Net Drains CNY300.9 Bln via OMO Monday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY0.67 billion via 7-day reverse repo on Monday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY300.9 billion after offsetting the CNY301.57 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6858% at 10:05 am local time from the close of 1.6922% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 44 on Thursday. 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 CNY0.67 billion via 7-day reverse repo on Monday, with rate unchanged at 1.70%. The operation has led to a net drain of CNY300.9 billion after offsetting the CNY301.57 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6858% at 10:05 am local time from the close of 1.6922% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 44 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.