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MNI: PBOC Injects CNY50 Billion via OMOs

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY50 billion via 7-day reverse repos with the rate unchanged on Thursday. This offsets the maturity of CNY50 billion of reverse repos today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1992% at 09:20 am local time from the close of 2.1925% on Wednesday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 35 on Wednesday, unchanged from the previous trading day. A lower index indicates decreased market expectations for tighter liquidity.
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