MNI: PBOC Net Drains CNY296.3 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY16.2 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY296.3 billion after offsetting maturities of CNY312.5 billion today, according to Wind Information.

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4113% at 09:46 am local time from the close of 1.4312% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Monday, compared with the close of 46 on Sunday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.