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MNI: PBOC Net Drains CNY40 Bln via OMOs Tuesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.2% on Tuesday. The operation resulted in a net drain of CNY40 billion given the maturity of CNY50 billion 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) increased to 2.2000% at 09:26 am local time from the close of 2.1385% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Monday vs 42 on Friday.

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