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MNI: PBOC Net Drains CNY467.5 Bln via OMO Monday

GlobalAPACStoryEM Policy NewsRegionChina

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY3.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net drain of CNY467.5 billion after offsetting maturities of CNY471.0 billion, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6846% at 09:27 am local time from the close of 1.6997% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 44 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY3.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net drain of CNY467.5 billion after offsetting maturities of CNY471.0 billion, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6846% at 09:27 am local time from the close of 1.6997% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 44 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.