November 15, 2024 01:41 GMT
MNI: PBOC Net Injects CNY968.8 Bln via OMO Friday
MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True
The People's Bank of China (PBOC) conducted CNY981 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY968.8 billion after offsetting the maturity of CNY12.2 billion today. There is another CNY1450 billion 1-year MLF maturing today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6294% at 09:41 am local time from the close of 1.7174% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Thursday, compared with the close of 50 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
109 words