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MNI: PBOC Net Injects CNY99 Billion via OMOs Monday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) on Monday conducted CNY173 billion via 7-day reverse repos with the rates unchanged at 2.00%. The operation has led to a net injection of CNY99 billion after offsetting the maturity of CNY74 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at month-end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.0000% at 9:29 am local time from the close of 1.8343% before 7-day Chinese New Year holiday.
  • The CFETS-NEX money-market sentiment index closed at 40 on Monday, compared with the close of 50 before Chinese New Year holiday.
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