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MNI (Sydney)

The People's Bank of China (PBOC) injected CNY30 billion via 7-day reverse repos with the rate unchanged on Wednesday. This resulted in a net injection of CNY30 billion as no reverse repos matured today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1998% at 09:25 local time from the close of 2.1732% on Tuesday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 37 on Tuesday vs 39 on Monday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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