MNI: PBOC Net Drains CNY119.5 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY331 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY119.5 billion after offsetting maturities of CNY450.5 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5204% at 10:00 am local time from the close of 1.4826% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 53 on Wednesday, compared with the close of 50 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.