March 16, 2023 01:27 GMT
MNI: PBOC Net Injects CNY106 Billion via OMOs Thursday
The People's Bank of China (PBOC) conducted CNY109 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY106 billion after offsetting the maturity of CNY3 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0542% at 09:27 am local time from the close of 2.1218% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 45 on Wednesday, compare with the close of 47 on Tuesday.