MNI: PBOC Net Drains CNY78 Billion via OMOs Tuesday
The People's Bank of China (PBOC) on Tuesday injected CNY2 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net drain of CNY78 billion after offsetting the maturity of CNY80 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 1.7900% at 9:29 am local time from the close of 1.6009% on Monday.
- The CFETS-NEX money-market sentiment index closed at 47 on Monday vs 44 on Friday.