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PBOC Injects Net CNY175 Bln Thurs; Rates Unchanged

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY377 billion via 7-day reverse repo on Thursday, with the rate unchanged at 1.80%. The operation has led to a net injection of CNY175 billion after offsetting the maturity of CNY202 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8371% at 09:28 am local time from the close of 2.0035% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Wednesday, compared with the close of 42 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

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