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MNI (Sydney)

The People's Bank of China (PBOC) injected CNY100 billion via 14-day reverse repos with rates unchanged at 2.35% on Friday. This keeps the liquidity unchanged after offsetting the maturity of CNY100 billion repos today, according to Wind Information.

  • The operation aims to maintain stable liquidity before the Spring Festival, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.3409% at 09:30 am local time from the close of 2.3168% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 40 on Thursday vs 38 on Wednesday. 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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