August 16, 2024 01:58 GMT
MNI: PBOC Net Injects CNY124.9 Bln via OMO Friday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY137.8 billion via 7-day reverse repo on Friday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY124.9 billion after offsetting the maturity of CNY12.9 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:54 am local time from the close of 1.8306% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Thursday, compared with the close of 44 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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