September 23, 2024 01:53 GMT
MNI: PBOC Net Injects CNY95.9 Bln via OMO Monday
MNI (Singapore)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY160.1 billion and CNY74.5 billion via 7-day and 14-day reverse repos, with the rate at 1.70% and 1.85%, respectively. The operation led to a net injection of CNY95.9 billion after offsetting CNY138.7 billion maturities, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7988% at 09:52 am local time from the close of 1.9569% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Friday, compared with the close of 46 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
105 words