MNI: PBOC Conducts CNY0 Billion via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY0 billion via seven-day reverse repos. The operation led to no change to the liquidity as no reverse repo matures, according to Wind Information. 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.3912% at 09:54 am local time from the close of 1.3815% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Tuesday, compared with the close of 47 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.