August 09, 2024 01:51 GMT
MNI: PBOC Net Injects CNY11.73 Bln via OMO Friday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY12.9 billion via 7-day reverse repo on Friday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY11.73 billion after offsetting the CNY1.17 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7765% at 09:50 am local time from the close of 1.7731% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Thursday, compared with the close of 50 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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