August 14, 2024 02:24 GMT
MNI: PBOC Net Injects CNY369.2 Bln via OMO Wednesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY369.2 billion via 7-day reverse repo on Wednesday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY369.2 billion as no reverse repos maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8626% at 10:23 am local time from the close of 1.8798% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Tuesday, compared with the close of 45 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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