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MNI: PBOC Net Injects CNY59 Billion via OMOs Thursday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY93 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY59 billion after offsetting the maturity of CNY34 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at month end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1032% at 09:30 am local time from the close of 2.0551% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Wednesday, the same as the close on Tuesday

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