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MNI: PBOC Net Injects CNY138.7 Bln via OMO Saturday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY138.7 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY138.7 billion as no reverse repo matures today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7034% at 09:34 am local time from the close of 1.8187% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Friday, compared with the close of 52 on Saturday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY138.7 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY138.7 billion as no reverse repo matures today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7034% at 09:34 am local time from the close of 1.8187% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Friday, compared with the close of 52 on Saturday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.