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MNI: PBOC Net Drains CNY50 Billion via OMOs Wed

MNI (Sydney)

The People's Bank of China (PBOC) skipped open market operations on Wednesday. This resulted in a net drain of CNY50 billion given the maturity of CNY50 billion of reverse repos, according to Wind Information.

  • The liquidity in the banking system is at a reasonable and ample level, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.1875% at 09:16 am local time from the close of 2.0443% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 40 on Tuesday, flat from the close of Monday. 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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