July 29, 2024 01:41 GMT
MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY301.57 billion via 7-day reverse repo on Monday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY243.37 billion after offsetting the CNY58.2 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8594% at 09:41 am local time from the close of 1.9197% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, the same as the close on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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