MNI: PBOC Net Drains CNY259 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY78.3 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY259 billion after offsetting maturities of CNY337.3 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4336% at 10:07 am local time from the close of 1.4551% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Friday, the same as the close on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.