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MNI: PBOC Net Drains CNY78 Billion via OMOs Tuesday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY393 billion via 7-day reverse repos with the rates unchanged at 2.00% on Tuesday. The operation has led to a net drain of CNY78 billion after offsetting the maturity of CNY471 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 2.0432% at 9:44 am local time from the close of 2.0039% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 54 on Monday, compared with the close of 55 on Friday.
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The People's Bank of China (PBOC) conducted CNY393 billion via 7-day reverse repos with the rates unchanged at 2.00% on Tuesday. The operation has led to a net drain of CNY78 billion after offsetting the maturity of CNY471 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 2.0432% at 9:44 am local time from the close of 2.0039% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 54 on Monday, compared with the close of 55 on Friday.