September 18, 2024 01:29 GMT
MNI: PBOC Net Injects CNY80.7 Bln via OMO Wednesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY568.2 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY80.7 billion after offsetting CNY487.5 billion maturities, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7183% at 09:28 am local time from the close of 1.6542% before Mid-Autumn holiday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 at 1430 on Saturday, compared with the close of 46 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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