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MNI: PBOC Net Injects CNY20 Billion via OMOs Wed

MNI (Sydney)

The People's Bank of China (PBOC) conducted CNY120 billion via 7-day reverse repos with rates unchanged at 2.2% on Wednesday. This resulted in a net injection of CNY20 billion given the maturity of CNY100 billion repos today, according to Wind Information.

  • The operation aims to maintain the liquidity in the banking system at a reasonable and ample level, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1980% at 09:34 am local time from the close of 2.2940% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 43 on Tuesday vs 40 on Monday. A higher index indicates increased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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