MNI: PBOC Net Drains CNY110.5 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY104.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY110.5 billion after offsetting the maturity of CNY215 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6144% at 10:15 am local time from the close of 1.7739% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Wednesday, compared with the close of 42 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.