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MNI: PBOC Net Drains CNY401 Billion via OMOs Thursday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) conducted CNY66 billion via 7-day reverse repos with the rates unchanged at 2.00% on Thursday. The operation has led to a net drain of CNY401 billion after offsetting the maturity of CNY467 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 2.0091% at 9:23 am local time from the close of 2.0370% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Wednesday, compared with the close of 45 on Tuesday.
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The People's Bank of China (PBOC) conducted CNY66 billion via 7-day reverse repos with the rates unchanged at 2.00% on Thursday. The operation has led to a net drain of CNY401 billion after offsetting the maturity of CNY467 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 2.0091% at 9:23 am local time from the close of 2.0370% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 42 on Wednesday, compared with the close of 45 on Tuesday.