MNI: PBOC Net Injects CNY2 Billion via OMOs Thursday
The People's Bank of China (PBOC) on Thursday injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net injection of CNY2 billion after offsetting the maturity of CNY8 billion reverse repos today, according to Wind Information.
- The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8161% at 9:36 am local time from the close of 2.0203% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 50 on Wednesday vs 49 on Tuesday.