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MNI: PBOC Net Drains CNY886.9 Bln via OMO Tuesday

MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
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The People's Bank of China (PBOC) conducted CNY41.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY886.9 billion after offsetting maturities of CNY928.6 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.6376% at 10:01 am local time from the close of 1.5552% before National Day holiday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on last trading day before golden week holiday, compared with the close of 52 on the previous day. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY41.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY886.9 billion after offsetting maturities of CNY928.6 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.6376% at 10:01 am local time from the close of 1.5552% before National Day holiday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on last trading day before golden week holiday, compared with the close of 52 on the previous day. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.