May 31, 2024 01:27 GMT
MNI: PBOC Net Injects CNY98 Bln Via OMO Fri; Rate Unchanged
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 CNY100 billion via 7-day reverse repo on Friday, with the rates unchanged at 1.80%. The operation has led to a net injection of CNY98 billion after offsetting the CNY2 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:27 am local time from the close of 1.9177% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 40 on Thursday, compared with the close of 41 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
103 words