MNI: PBOC Net Drains CNY19.3 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY120.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY19.3 billion after offsetting maturities of CNY139.8 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4371% at 09:34 am local time from the close of 1.4516% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 52 on Thursday, compared with the close of 50 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.