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MNI: PBOC Net Injects CNY30 Billion Via OMOs Wed

MNI (Sydney)
BEIJING (MNI)

The People's Bank of China (PBOC) injected CNY40 billion via 7-day reverse repos with the rate unchanged on Tuesday. This resulted in a net injection of CNY30 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 2.2441% at 09:33 am local time from 2.2322 at Tuesday's close.
  • The CFETS-NEX money-market sentiment index closed at 48 on Tuesday vs 37 on Monday. 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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