January 16, 2025 01:31 GMT
MNI: PBOC Net Injects CNY336.4 Bln via OMO Thursday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY340.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY336.4 billion after offsetting the maturity of CNY4.1 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7095% at 09:30 am local time from the close of 2.2365% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 81 on Wednesday, compared with the close of 40 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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