January 13, 2025 02:21 GMT
MNI: PBOC Net Injects CNY10.7 Bln via OMO Monday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY24.8 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY10.7 billion after offsetting the maturity of CNY14.1 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9416% at 10:2 am local time from the close of 1.7472% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 66 on Friday, compared with the close of 49 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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