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MNI: PBOC Net Injects CNY120 Billion Via OMOs Tue

BEIJING (MNI)

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos and CNY120 billion via 14-day reverse repos with rates unchanged on Tuesday. This resulted in a net injection of CNY120 billion given the maturity of CNY10 billion of reverse repos today, according to Wind Information.

  • The operations aim to maintain stable liquidity at the end of the year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1281% at 09:25 am local time from 1.9282% at Monday's close.
  • The CFETS-NEX money-market sentiment index closed at 38 on Monday vs 33 on Friday. A lower index indicates decreased market expectations for tighter liquidity.
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
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MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
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