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PBOC Net Injects CNY150 Billion Via OMOs on Thursday

MNI (Sydney)

The People's Bank of China (PBOC) ) injected a net of CNY150 billion via 7-day reverse repos with the rate unchanged at 2.2% on Thursday as no repos matured today, according to Wind Information.

* The move aimed to offset the impact of government bond sales and maintain the liquidity in the banking system at a reasonable and ample level, the PBOC said on its website.
* The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.2000% at 09:21 local time from the close of 2.2451% on Wednesday: Wind Information.
* The CFETS-NEX money-market sentiment index closed at 41 on Wednesday vs 33 on Tuesday. A lower index indicates decreased market expectations for tighter liquidity.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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