MNI: PBOC Net Injects CNY195 Bln Tuesday via OMO
The People's Bank of China (PBOC) conducted CNY209 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY195 billion after offsetting the maturity of CNY14 billion reverse repo today, according to Wind Information.
- The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8143% at 09:22 am local time from the close of 1.9997% on Monday.
- The CFETS-NEX money-market sentiment index closed at 46 on Monday, compared with the close of 40 on Friday.