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MNI: PBOC Net Injects CNY460 Bln via OMO Tuesday

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MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY460 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net injection of CNY460 billion as no reverse repos mature today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9333% at 09:38 am local time from the close of 1.8850% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY460 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net injection of CNY460 billion as no reverse repos mature today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9333% at 09:38 am local time from the close of 1.8850% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.