August 26, 2024 01:29 GMT
MNI: PBOC Net Injects CNY418.9 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY471 billion via 7-day reverse repos and CNY300 billion via 1-year MLF, with the rate unchanged at 1.70% and 2.3% respectively. The operation led to a net injection of CNY418.9 billion after offsetting maturities of CNY52.1 billion, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9240% at 09:53 am local time from the close of 1.8475% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
108 words