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MNI: PBOC Net Injects CNY335.7 Bln via OMO Friday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY571.9 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY335.7 billion after offsetting CNY236.2 billion maturities, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7700% at 09:45 am local time from the close of 1.9717% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Thursday, compared with the close of 63 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 CNY571.9 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY335.7 billion after offsetting CNY236.2 billion maturities, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7700% at 09:45 am local time from the close of 1.9717% on Thursday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Thursday, compared with the close of 63 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.