MNI: PBOC Net Drains CNY432.8 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY112 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY432.8 billion after offsetting maturities of CNY544.8 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4193% at 09:30 am local time from the close of 1.4251% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.