March 09, 2023 01:24 GMT
MNI: PBOC Net Drains CNY70 Billion via OMOs Thursday
The People's Bank of China (PBOC) conducted CNY3 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY70 billion after offsetting the maturity of CNY73 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.0000% at 09:24 am local time from the close of 1.9200% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 44 on Wednesday, compared with the close of 43 on Tuesday.