MNI: PBOC Net Injects CNY203 Bln Monday via OMO
The People's Bank of China (PBOC) conducted CNY215 billion via 7-day reverse repos on Monday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY203 billion after offsetting the maturity of CNY12 billion reverse repo today, according to Wind Information.
- The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8542% at 09:50 am local time from the close of 1.8625% on Friday.
- The CFETS-NEX money-market sentiment index closed at 40 on Friday, compared with the close of 43 on Thursday.