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MNI: PBOC Net Injects CNY632 Billion via OMOs Friday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY835 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY632 billion after offsetting the maturity of CNY203 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1140% at 9:24 am local time from the close of 2.1285% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 63 on Thursday, compared with the close of 44 on Wednesday.

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