March 17, 2023 01:45 GMT
MNI: PBOC Net Injects CNY165 Billion via OMOs Friday
The People's Bank of China (PBOC) conducted CNY180 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY165 billion after offsetting the maturity of CNY15 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 2.0027% at 09:44 am local time from the close of 2.2066% on Thursday.
- The CFETS-NEX money-market sentiment index closed at 47 on Thursday, compare with the close of 45 on Wednesday.