MNI: PBOC Net Drains CNY191 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY409 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY191 billion after offsetting maturities of CNY600 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4323% at 09:48 am local time from the close of 1.5073% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Friday, compared with the close of 48 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.