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MNI: PBOC Net Drains CNY37 Billion via OMOs Wednesday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) conducted CNY67 billion via 7-day reverse repos on Wednesday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY37 billion after offsetting the maturity of CNY104 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0104% at 09:44 am local time from the close of 2.2271% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Tuesday, compare with the close of 55 on Monday.
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The People's Bank of China (PBOC) conducted CNY67 billion via 7-day reverse repos on Wednesday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY37 billion after offsetting the maturity of CNY104 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0104% at 09:44 am local time from the close of 2.2271% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Tuesday, compare with the close of 55 on Monday.