August 15, 2024 01:30 GMT
MNI: PBOC Net Injects CNY570.6 Bln via OMO Thursday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY577.7 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY570.6 billion after offsetting the maturity of CNY7.1 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7693% at 09:30 am local time from the close of 1.8799% on Wednesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, compared with the close of 48 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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