August 27, 2024 01:28 GMT
MNI: PBOC Net Injects CNY323.4 Bln via OMO Tuesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY472.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY323.4 billion after offsetting maturities of CNY149.1 billion, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8522% at 09:27 am local time from the close of 1.9594% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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