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MNI: PBOC Net Injects CNY10 Billion via OMOs

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY90 billion via 7-day reverse repos with the rate unchanged on Friday. This resulted in a net injection of CNY10 billion given the maturity of CNY100 billion of reverse repos, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The central bank injected net CNY230 billion via open market operation this week by conducting CNY620 billion reverse repos with CNY390 billion repos maturing.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2118% at 09:34 am local time from the close of 2.0534% on Thursday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 43 on Thursday, up from the close of 34 on Wednesday. A lower index indicates decreased market expectations for tighter liquidity.
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