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MNI: PBOC Net Injects CNY184.2 Bln via OMO Friday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY292.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY184.2 billion after offsetting the maturity of CNY108.4 billion today. PBOC also conducted another CNY700 billion via 1Y MLF with rate unchanged at 2.00%, draining CNY89 billion after hedging CNY789 billion matured earlier this month, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7135% at 10:11 am local time from the close of 1.6363% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY292.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY184.2 billion after offsetting the maturity of CNY108.4 billion today. PBOC also conducted another CNY700 billion via 1Y MLF with rate unchanged at 2.00%, draining CNY89 billion after hedging CNY789 billion matured earlier this month, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7135% at 10:11 am local time from the close of 1.6363% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.