December 31, 2024 01:28 GMT
MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY157.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY93.6 billion after offsetting the maturity of CNY64.1 billion today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6932% at 09:27 am local time from the close of 1.9195% on Monday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
104 words