July 31, 2024 03:06 GMT
MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY251.67 billion via 7-day reverse repo on Wednesday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY185.57 billion after offsetting the CNY66.1 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7710% at 11:06 am local time from the close of 1.8336% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Tuesday, compared with the close of 47 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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