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MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

Policy NewsAPACStoryEM Policy NewsRegionChina

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY697 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY716.5 billion after offsetting the maturity of CNY1.4315 trillion 14-day reverse repos today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7500% at 09:38 am local time from the close of 1.8629% before Chinese New Year holiday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on the last trading day before Chinese New Year holiday. 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 CNY697 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY716.5 billion after offsetting the maturity of CNY1.4315 trillion 14-day reverse repos today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7500% at 09:38 am local time from the close of 1.8629% before Chinese New Year holiday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on the last trading day before Chinese New Year holiday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.