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MNI: PBOC Net Injects CNY2 Bln Via OMOs Thursday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY5 billion via 7-day reverse repos on Thursday with the rate unchanged at 1.90%. The operation has led to a net injection of CNY2 billion after offsetting the maturity of CNY3 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) rose to 1.9000% at 09:25 am local time from the close of 1.7475% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 43 on Wednesday, the same as the close of Tuesday.
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