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MNI: PBOC Net Injects CNY50 Bln Via MLF And Repos Thu

corrects total net injection

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY150 billion via one-year medium-term lending facilities (MLF) with the rate unchanged at 2.95% on Thursday. This aims to roll over the CNY100 billion of MLFs maturing today and CNY56.1 billion in targetted medium-term lending facilities (TMLF) maturing on April 25, the PBOC said on its website.

The PBOC also injected CNY10 billion via 7-day reverse repos. In total, the central bank net injected CNY50 billion given CNY10 billion repos mature today.

  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.1442% at 09:35 local time from the close of 2.0349% on Wednesday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 40 on Wednesday vs 42 on Tuesday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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