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MNI: PBOC Net Drains CNY361.7 Bln via OMO Wednesday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY431.0 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY361.7 billion after offsetting the maturity of CNY792.7 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6288% at 09:23 am local time from the close of 1.8064% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Tuesday, compared with the close of 45 on Monday. 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 CNY431.0 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY361.7 billion after offsetting the maturity of CNY792.7 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6288% at 09:23 am local time from the close of 1.8064% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Tuesday, compared with the close of 45 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.