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MNI: PBOC Net Injects CNY26 Billion via OMOs Tuesday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY29 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY26 billion after offsetting the maturity of CNY3 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.0136% at 09:29 am local time from the close of 1.9679% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 47 on Monday, compared with the close of 44 on Friday.
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