March 22, 2023 01:44 GMT
MNI: PBOC Net Drains CNY37 Billion via OMOs Wednesday
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.