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MNI: PBOC Net Injects CNY467 Billion via OMOs Thursday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) on Thursday conducted CNY65 billion via 7-day reverse repos and CNY467 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY467 billion after offsetting the maturity of CNY65 billion reverse repos today, according to Wind Information.

  • The operation aims to hedge the impact of tax paying and cash injection peak to keep banking system liquidity stable before Chinese New Year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.3667% at 9:27 am local time from the close of 2.2634% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 50 on Wednesday, compared with the close of 50 on Tuesday.
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The People's Bank of China (PBOC) on Thursday conducted CNY65 billion via 7-day reverse repos and CNY467 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY467 billion after offsetting the maturity of CNY65 billion reverse repos today, according to Wind Information.

  • The operation aims to hedge the impact of tax paying and cash injection peak to keep banking system liquidity stable before Chinese New Year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.3667% at 9:27 am local time from the close of 2.2634% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 50 on Wednesday, compared with the close of 50 on Tuesday.