March 28, 2023 01:27 GMT
MNI: PBOC Net Injects CNY225 Billion via OMOs Monday
The People's Bank of China (PBOC) conducted CNY278 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY96 billion after offsetting the maturity of CNY182 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity stable at the end of the quarter, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9152% at 09:23 am local time from the close of 2.0561% on Monday.
- The CFETS-NEX money-market sentiment index closed at 44 on Monday, compare with the close of 58 on Friday.