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MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY358.05 billion via 7-day reverse repo on Friday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY299.05 billion after offsetting the CNY59 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8948% at 09:42 am local time from the close of 1.9168% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Thursday, compared with the close of 51 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY358.05 billion via 7-day reverse repo on Friday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY299.05 billion after offsetting the CNY59 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8948% at 09:42 am local time from the close of 1.9168% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Thursday, compared with the close of 51 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.