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MNI: PBOC Net Drains CNY10 Bln by MLF and Repos Tuesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY200 billion through one-year medium-term lending facility (MLF) with the rate unchanged at 2.95% on Tuesday. The operation was intended to roll over CNY200 billion MLF maturing today and keep the liquidity reasonable and ample, the PBOC said on its website.

The PBOC also injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.20%.

In total, the central bank net drained CNY10 billion as CNY20 billion reverse repos matured today.

  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.2000% at 09:29 local time from the close of 2.1516% on June 11, the last working day before the holiday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 43 on Friday vs 42 last Thursday.
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