October 31, 2022 01:49 GMT
MNI: PBOC Net Injects CNY68 Billion via OMOs Monday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) on Monday injected CNY70 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net injection of CNY68 billion after offsetting the maturity of CNY2 billion reverse repos today, according to Wind Information.
- The operation aims to keep month-end liquidity stable, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9551% at 9:45 am local time from the close of 1.9658% on Friday.
- The CFETS-NEX money-market sentiment index closed at 50 on Friday vs 49 on Thursday.
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