January 22, 2025 01:33 GMT
MNI: PBOC Net Injects CNY198 Bln via OMO Wednesday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY1.1575 trillion via 14-day reverse repos, with the rate unchanged at 1.65%. The operation led to a net injection of CNY198 billion after offsetting the maturity of CNY959.5 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6584% at 09:32 am local time from the close of 2.0324% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 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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