MNI: PBOC Net Injects CNY39 Bln Wednesday via OMO
The People's Bank of China (PBOC) conducted CNY65 billion via 7-day reverse repos on Wednesday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY39 billion after offsetting the maturity of CNY26 billion reverse repo 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 1.8000% at 09:32 am local time from the close of 1.9513% on Tuesday.
- The CFETS-NEX money-market sentiment index closed at 39 on Tuesday, compared with the close of 46 on Monday.