January 12, 2023 01:38 GMT
MNI: PBOC Net Injects CNY115 Billion via OMOs Thursday
The People's Bank of China (PBOC) on Thursday conducted CNY65 billion via 7-day reverse repos and CNY 52 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY115 billion after offsetting the maturity of CNY2 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity stable before Chinese New Year, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0024% at 9:37 am local time from the close of 2.0207% on Tuesday.
- The CFETS-NEX money-market sentiment index closed at 47 on Wednesday, compared with the close of 58 on Tuesday.