MNI: PBOC Net Drains CNY53 Billion via OMOs Monday
The People's Bank of China (PBOC) on Monday injected CNY2 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY53 billion after offsetting the maturity of CNY55 billion reverse repos today, according to Wind Information.
- The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7364% at 9:39 am local time from the close of 1.6189% on Friday.
- The CFETS-NEX money-market sentiment index closed at 44 on Friday vs 45 on Thursday.