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MNI: PBOC Net Injects CNY160 Bln Via OMOs Fri

MNI (Sydney)

The People's Bank of China (PBOC) conducted CNY160 billion via 7-day reverse repos with rates unchanged at 2.2% on Friday. This resulted in a net injection of CNY160 billion given no reverse repos matured 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 2.2411% at 09:26 am local time from the close of 2.5829% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 63 on Thursday vs 59 on Wednesday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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