January 15, 2025 01:32 GMT
MNI: PBOC Net Injects CNY958.4 Bln via OMO Wednesday
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY959.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY958.4 billion after offsetting the maturity of CNY1.1 billion. There are another CNY995.0 billion 1Y MLF mature today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5969% at 09:24 am local time from the close of 2.2972% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 40 on Tuesday, compared with the close of 61 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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