MNI: PBOC Net Drains CNY275.5 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY131 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY275.5 billion after offsetting the maturity of CNY406.5 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4731% at 09:38 am local time from the close of 1.9159% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 52 on Monday, higher than the close of 50 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.