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MNI: PBOC Net Injects CNY20 Billion Tuesday

MNI (Singapore)
MNI (Beijing)
True

The People's Bank of China (PBOC) on Tuesday conducted CNY172 billion via 7-day reverse repos and CNY850 billion 1-year medium-term lending facilities with the rate unchanged at 2.00% and 2.75%, respectively. The operation has led to a net injection of CNY20 billion after offsetting the maturity of CNY2 billion reverse repos and CNY1 trillion MLFs today, according to Wind Information.

  • The operation aims to offset the impact of tax season and the operation has fully met the meets from financial institutions, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9022% at 9:32 am local time from the close of 1.8403% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 57 on Monday vs 45 on Friday.
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The People's Bank of China (PBOC) on Tuesday conducted CNY172 billion via 7-day reverse repos and CNY850 billion 1-year medium-term lending facilities with the rate unchanged at 2.00% and 2.75%, respectively. The operation has led to a net injection of CNY20 billion after offsetting the maturity of CNY2 billion reverse repos and CNY1 trillion MLFs today, according to Wind Information.

  • The operation aims to offset the impact of tax season and the operation has fully met the meets from financial institutions, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9022% at 9:32 am local time from the close of 1.8403% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 57 on Monday vs 45 on Friday.