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MNI: PBOC Net Injects CNY968.8 Bln via OMO Friday

MNI (Singapore)
MNI (Beijing)
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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.
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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.