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MNI: PBOC Net Injects CNY381 Billion via OMOs Wednesday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) conducted CNY104 billion via 7-day reverse repos and CNY481 billion via 1-year MLF on Wednesday, with the rates unchanged at 2.00% and 2.75%, respectively. The operation has led to a net injection of CNY381 billion after offsetting the maturity of CNY4 billion reverse repos and CNY200 billion MLF today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0000% at 09:35 am local time from the close of 2.0780% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 47 on Tuesday, the same as the close on Monday.
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The People's Bank of China (PBOC) conducted CNY104 billion via 7-day reverse repos and CNY481 billion via 1-year MLF on Wednesday, with the rates unchanged at 2.00% and 2.75%, respectively. The operation has led to a net injection of CNY381 billion after offsetting the maturity of CNY4 billion reverse repos and CNY200 billion MLF today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0000% at 09:35 am local time from the close of 2.0780% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 47 on Tuesday, the same as the close on Monday.