August 13, 2024 01:50 GMT
MNI: PBOC Net Injects CNY73.83 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY385.7 billion via 7-day reverse repo on Tuesday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY385.08 billion after offsetting the CNY0.62 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7461% at 09:50 am local time from the close of 1.9114% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Monday, compared with the close of 51 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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