MNI: PBOC Net Drains CNY335.3 Bln via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY195.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY335.3 billion after offsetting the maturities of CNY530.8 billion reverse repos today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6180% at 10:06 am local time from the close of 1.7272% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Tuesday, compared with the close of 50 before Labor Day holiday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.