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MNI: PBOC Net Injects CNY3 Bln Via OMOs Friday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY5 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY3 billion after offsetting the maturity of CNY2 billion reverse repo 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 2.0087% at 09:23 am local time from the close of 1.9235% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Thursday, lower than the close of 50 on Wednesday.
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The People's Bank of China (PBOC) conducted CNY5 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY3 billion after offsetting the maturity of CNY2 billion reverse repo 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 2.0087% at 09:23 am local time from the close of 1.9235% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Thursday, lower than the close of 50 on Wednesday.