March 21, 2023 01:25 GMT
MNI: PBOC Net Injects CNY153 Billion via OMOs Tuesday
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.