May 07, 2024 01:29 GMT
MNI: PBOC Net Drains CNY438 Bln Via OMO Tues; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo Tuesday, with the rates unchanged at 1.80%. The operation has led to a net drain of CNY43 billion after offsetting the maturity of CNY440 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8059% at 09:29 am local time from the close of 1.8782% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 35 on Monday, compared with the close of 44 on the last trading day before May Day holiday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
110 words