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MNI: PBOC Net Injects CNY248 Bln Via OMO Weds; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY250 billion via 7-day reverse repo on Wednesday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY248 billion after offsetting the CNY2 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8897% at 09:46 am local time from the close of 1.8969% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, compared with the close of 50 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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