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MNI: PBOC Net Injects CNY148 Bln Thursday via OMO

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY209 billion via 7-day reverse repos on Thursday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY148 billion after offsetting the maturity of CNY61 billion reverse repo today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at the end of the month, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8831% at 09:26 am local time from the close of 2.2540% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 39 on Wednesday, compared with 41 on Tuesday.

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