The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with rates unchanged at 2.2% on Monday. This keeps the liquidity unchanged after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
The 7-day weighted average interbank repo rate for depository institutions (DR007) jumped to 2.2289% at 09:28 am local time from the close of 2.1798% on Friday.
The CFETS-NEX money-market sentiment index closed at 39 on last Friday vs 38 on 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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Lachlan Colquhoun

Lachlan covers the Reserve Bank of Australia and the Australian macroeconomy for MNI from Sydney.

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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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MNI: PBOC Injects CNY10 Billion via OMOs, Liquidity Unchanged