May 08, 2024 01:34 GMT
MNI: PBOC Net Injects CNY2 Bln Via OMO Weds; Rates Unchanged
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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repo Wednesday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY2 billion as no repos matures today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8623% at 09:34 am local time from the close of 1.8458% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 35 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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