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MNI: PBOC Net Injects CNY95.9 Bln via OMO Monday

MNI (Singapore)
MNI (Beijing)
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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.
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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.