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MNI: PBOC Net Injects CNY23 Bln Via OMOs Monday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY25 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY23 billion after offsetting the maturity of CNY2 billion reverse repo today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at the end of month, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.0000% at 09:23 am local time from the close of 1.9935% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 50 on Friday, higher than the close of 48 on Thursday.
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