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MNI: PBOC Net Injects CNY310 Billion via OMOs Mon

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY150 billion via 7-day reverse repos with rates unchanged at 2.2% on Monday. The PBOC also issued CNY200 billion through medium-term lending facilities (MLF) and kept the rate at 2.95%. This resulted in a net injection of CNY310 billion given the maturity of CNY40 billion repos today, according to Wind Information.

  • The operation aims to maintain the liquidity stable in the banking system at the end of the month, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.2155% at 09:29 am local time from the close of 2.3676% on last Friday.
  • The CFETS-NEX money-market sentiment index closed at 37 last Friday vs 33 last Thursday. A lower index indicates decreased 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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