MNI: PBOC Net Drains CNY468.8 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY13.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY468.8 billion after offsetting maturities of CNY482.3 billion today, according to Wind Information.

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4091% at 09:27 am local time from the close of 1.4286% before New Year holiday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Sunday, compared with the close of 52 on last trading day before New Year holiday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.