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MNI: PBOC Net Drains CNY373 Billion via OMOs Monday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY150 billion via 7-day reverse repos with the rates unchanged at 2.00% on Monday. The operation has led to a net drain of CNY373 billion after offsetting the maturity of CNY523 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) rose to 2.0000% at 9:29 am local time from the close of 1.8210% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 55 on Friday, compared with the close of 45 on Thursday.
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The People's Bank of China (PBOC) conducted CNY150 billion via 7-day reverse repos with the rates unchanged at 2.00% on Monday. The operation has led to a net drain of CNY373 billion after offsetting the maturity of CNY523 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) rose to 2.0000% at 9:29 am local time from the close of 1.8210% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 55 on Friday, compared with the close of 45 on Thursday.