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MNI: PBOC Net Injects CNY50 Billion via OMOs

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY150 billion via 7-day reverse repos and CNY50 billion via 14-day reverse repos with the rates unchanged on Friday. This resulted in a net injection of CNY50 billion given the maturity of CNY150 billion of reverse repos, according to Wind Information.

  • The treasury conducted CNY50 billion of cash deposits at commercial banks on the same day, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.2000% at 09:24 am local time from the close of 2.2772% on Thursday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 54 on Thursday vs 59 on Wednesday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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