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MNI: PBOC Net Injects CNY88 Bln via OMO Monday

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The People's Bank of China (PBOC) conducted CNY91.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY88 billion after offsetting maturities of CNY3.5 billion, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8662% at 10:00 am local time from the close of 1.6890% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Friday, compared with the close of 56 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY91.5 billion via 7-day reverse repos, with the rate unchanged at 1.70%. The operation led to a net injection of CNY88 billion after offsetting maturities of CNY3.5 billion, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8662% at 10:00 am local time from the close of 1.6890% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Friday, compared with the close of 56 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.