January 31, 2023 01:24 GMT
MNI: PBOC Net Injects CNY170 Billion via OMOs Tuesday
The People's Bank of China (PBOC) conducted CNY471 billion via 7-day reverse repos with the rates unchanged at 2.00% on Tuesday. The operation has led to a net injection of CNY170 billion after offsetting the maturity of CNY301 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity stable at month-end, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0500% at 9:23 am local time from the close of 2.0666% on Monday.
- The CFETS-NEX money-market sentiment index closed at 55 on Monday, compared with the close of 40 before Chinese New Year holiday.