October 27, 2022 01:32 GMT
MNI: PBOC Net Injects CNY238 Billion via OMOs Thursday
MNI (Singapore)
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The People's Bank of China (PBOC) on Thursday injected CNY240 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net injection of CNY238 billion after offsetting the maturity of CNY2 billion reverse repos today, according to Wind Information.
- The operation aims to keep month-end liquidity stable, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0195% at 9:30 am local time from the close of 2.0226% on Wednesday.
- The CFETS-NEX money-market sentiment index closed at 48 on Wednesday vs 49 on Tuesday.
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