January 24, 2025 02:11 GMT
MNI:PBOC Net Drains CNY795Bn Via MLF; Injects CNY179Bn Repo
MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY284 billion via 14-day reverse repos, with the rate unchanged at 1.65%. The operation led to a net injection of CNY179 billion after offsetting the maturity of CNY105 billion today, according to Wind Information.
The PBOC also conducted CNY200 billion one-year medium-term lending facility, with the rate unchanged at 2.00%, to help offset the maturity of CNY995 billion MLF today, resulting in a net drain of CNY795 billion.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0518% at 09:52 am local time from the close of 2.1213% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 58 on Thursday, compared with the close of 68 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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