March 15, 2023 01:36 GMT
MNI: PBOC Net Injects CNY381 Billion via OMOs Wednesday
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.