MNI: PBOC Net Drains CNY225 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY180 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY225 billion after offsetting the maturities of CNY405 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4420% at 09:38 am local time from the close of 1.4967% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Monday, the same as the close on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.