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MNI: PBOC Net Injects CNY153 Billion via OMOs Tuesday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) conducted CNY182 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY153 billion after offsetting the maturity of CNY29 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0718% at 09:24 am local time from the close of 2.1884% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 55 on Monday, compare with the close of 46 on Friday.
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The People's Bank of China (PBOC) conducted CNY182 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY153 billion after offsetting the maturity of CNY29 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0718% at 09:24 am local time from the close of 2.1884% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 55 on Monday, compare with the close of 46 on Friday.