March 27, 2023 01:50 GMT
MNI: PBOC Net Injects CNY225 Billion via OMOs Monday
The People's Bank of China (PBOC) conducted CNY255 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY225 billion after offsetting the maturity of CNY300 billion reverse repos today, according to Wind Information.
- The Peoples' Bank of China cuts the reserve requirement ratio by 25 bps on Mar 27 while conducting CNY255 billion via 7-day reverse repos, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1081% at 09:45 am local time from the close of 1.6982% on Friday.
- The CFETS-NEX money-market sentiment index closed at 58 on Friday, compare with the close of 48 on Thursday.