November 11, 2024 01:34 GMT
MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY133.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY116.4 billion after offsetting the maturity of CNY17.3 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5867% at 09:35 am local time from the close of 1.6104% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 57 on Friday, compared with the close of 52 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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