November 16, 2022 01:50 GMT
MNI: PBOC Net Injects CNY63 Billion via OMOs Wednesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) on Wednesday injected CNY71 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net injection of CNY63 billion after offsetting the maturity of CNY8 billion 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 1.9579% at 9:44 am local time from the close of 1.9429% on Tuesday.
- The CFETS-NEX money-market sentiment index closed at 52 on Tuesday vs 57 on Monday.
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