September 06, 2024 01:48 GMT
MNI: PBOC Net Injects CNY111.4 Bln via OMO Friday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY141.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY111.4 billion after offsetting maturities of CNY30.1 billion, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6573% at 09:47 am local time from the close of 1.7108% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 56 on Thursday, compared with the close of 47 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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