July 23, 2024 01:41 GMT
MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY267.3 billion via 7-day reverse repo on Tuesday, with rate kept at 1.70%. The operation has led to a net drain of CNY408.7 billion after offsetting the CNY676 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7426% at 09:40 am local time from the close of 1.7184% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 58 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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