April 30, 2024 01:41 GMT
MNI: PBOC Net Injects CNY438 Bln Via OMO Tues; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY440 billion via 7-day reverse repo before May Day holiday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY438 billion after offsetting the maturity of CNY2 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1014% at 09:41 am local time from the close of 2.1024% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 41 on Monday, compared with the close of 44 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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