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MNI: PBOC Net Injects CNY88 Bln Via OMOs Thursday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY114 billion via 7-day reverse repos on Thursday with the rate unchanged at 1.90%. The operation has led to a net injection of CNY88 billion after offsetting the maturity of CNY26 billion reverse repo 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 1.8070% at 09:44 am local time from the close of 1.8435% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 46 on Wednesday, compared with the close of 45 on Tuesday.

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