September 03, 2024 01:58 GMT
MNI: PBOC Net Drains CNY471.3 Bln via OMO Tuesday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY1.2 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net drain of CNY471.3 billion after offsetting maturities of CNY472.5 billion, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6634% at 09:57 am local time from the close of 1.6912% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 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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