January 27, 2025 01:36 GMT
MNI: PBOC Net Injects CNY175 Bln via OMO Monday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY298 billion via 14-day reverse repos, with the rate at 1.65%. The operation led to a net injection of CNY175 billion after offsetting the maturity of CNY123 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6283% at 09:36 am local time from the close of 1.9626% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Friday, unchanged from the close on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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