MNI: PBOC Net Drains CNY452.1 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY57.2 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY452.1 billion after offsetting the maturity of CNY509.3 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4350% at 09:27 am local time from the close of 1.5053% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 44 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.