MNI: PBOC Net Drains CNY32 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY128.7 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY32 billion after offsetting maturities of CNY160.7 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4065% at 09:37 am local time from the close of 1.4522% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Wednesday, compared with the close of 47 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.