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MNI (Sydney)

The People's Bank of China (PBOC) injected CNY50 billion via 7-day reverse repos with the rate unchanged at 2.2% on Friday. This resulted in a net drain of CNY100 billion given the maturity of CNY150 billion of reverse repos, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2102% at 09:28 am local time from the close of 2.1532% on Thursday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 41 on Thursday vs 33 on Wednesday. A higher index indicates increased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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