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MNI: PBOC Net Injects CNY581.4 Bln via OMO Wednesday

MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
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The People's Bank of China (PBOC) conducted CNY642.4 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY581.4 after offsetting the maturity of CNY61 billion today. There are CNY789 billion MLF mature today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5456% at 09:31 am local time from the close of 1.5736% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 46 on Monday. 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 CNY642.4 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY581.4 after offsetting the maturity of CNY61 billion today. There are CNY789 billion MLF mature today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5456% at 09:31 am local time from the close of 1.5736% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 46 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.