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MNI: PBOC Net Injects CNY71 Billion via OMOs Wednesday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
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The People's Bank of China (PBOC) on Wednesday conducted CNY65 billion via 7-day reverse repos and CNY 22 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY71 billion after offsetting the maturity of CNY16 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) rose to 1.9373% at 9:28 am local time from the close of 1.9262% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 58 on Tuesday, compared with the close of 55 on Monday.
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The People's Bank of China (PBOC) on Wednesday conducted CNY65 billion via 7-day reverse repos and CNY 22 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY71 billion after offsetting the maturity of CNY16 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) rose to 1.9373% at 9:28 am local time from the close of 1.9262% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 58 on Tuesday, compared with the close of 55 on Monday.