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MNI: PBOC Net Injects CN11 Bln Via OMOs Wednesday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY13 billion via 7-day reverse repos on Wednesday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY11 billion after offsetting the maturity of CNY2 billion reverse repo today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at the end of month, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0369% at 09:24 am local time from the close of 2.0650% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Tuesday, the same as the close on Monday.

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