MNI: PBOC Net Drains CNY175.6 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY180.8 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY175.6 billion after offsetting maturities of CNY356.4 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4033% at 09:28 am local time from the close of 1.4409% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Wednesday, the same as the close on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.