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MNI (Sydney)

The People's Bank of China (PBOC) injected CNY700 billion via one-year medium-term lending facility (MLF) with the rate unchanged at 2.95% on Monday. This aims to roll over the CNY550 billion of MLFs maturing this month and fully meet the liquidity needs, the PBOC said on its website.

The PBOC also injected CNY50 billion via 7-day reverse repos with the rate unchanged. These operations resulted in a net injection of CNY200 billion, according to Wind Information.

  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.2000% at 09:38 local time from the close of 2.2098% on Friday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 38 on Friday vs 43 on 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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