PBOC Injects Net CNY92 Bln Mon; Rates Unchanged
The People's Bank of China (PBOC) conducted CNY205 billion via 7-day reverse repo on Monday, with the rate unchanged at 1.80%. The operation has led to a net injection of CNY92 billion after offsetting the maturity of CNY113 billion reverse repos today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9631% at 10:48 am local time from the close of 2.0189% on Friday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Friday, compared with the close of 42 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.