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MNI: PBOC Net Injects CNY19.3 Bln via OMO Wednesday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY277.3 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY19.3 billion after offsetting maturities of CNY258 billion, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7270% at 09:33 am local time from the close of 1.8735% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Tuesday, compared with the close of 45 on Monday. 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 CNY277.3 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY19.3 billion after offsetting maturities of CNY258 billion, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7270% at 09:33 am local time from the close of 1.8735% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 43 on Tuesday, compared with the close of 45 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.