MNI: PBOC Net Drains CNY20.8 Bln via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY26 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY20.8 billion after offsetting maturities of CNY46.8 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.3678% at 09:33 am local time from the close of 1.4105% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 50 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.