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MNI: PBOC Net Injects CNY900 Bln Via MLF And Repos Tue

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY950 billion via one-year medium-term lending facility (MLF) with the rate unchanged at 2.95% on Tuesday. This aims to roll over the CNY900 billion of MLFs maturing this month and fully meet liquidity needs, the PBOC said on its website.

The PBOC also injected CNY10 billion via 7-day reverse repos. In total, the central bank net injected CNY900 billion as CNY60 billion repos mature today.

  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.1687% at 09:29 local time from the close of 2.1003% on Tuesday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 35 on Monday vs 41 on last Friday. 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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