August 23, 2024 01:34 GMT
MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY379.3 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY241.5 billion after offsetting maturities of CNY137.8 billion, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7630% at 09:32 am local time from the close of 1.8406% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 55 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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