MNI: PBOC Net Drains CNY1.3 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY197.3 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY1.3 billion after offsetting the maturity of CNY198.6 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4737% at 09:52 am local time from the close of 1.5261% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.