December 10, 2024 01:55 GMT
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY141.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY90.3 billion after offsetting the maturity of CNY51.3 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6897% at 09:53 am local time from the close of 1.7790% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Monday, compared with the close of 59 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
104 words