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MNI: PBOC Net Injected CNY90 Bln Via OMOs Thurs

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY120 billion via 7-day reverse repos with rates unchanged at 2.2% on Thursday. This resulted in a net injection of CNY90 billion given the maturity of CNY30 billion of reverse repos today, according to Wind Information.

  • The operations aim to maintain the liquidity in the banking system reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) declined to 2.2000% at 09:20 am local time from the close of 2.3857% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 59 on Wednesday vs 40 on Tuesday. A lower index indicates decreased market expectations for tighter liquidity.
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