MNI: PBOC Net Drains CNY492.2 Bln via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY65.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY492.2 billion after offsetting maturities of CNY557.7 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4099% at 09:49 am local time from the close of 1.4262% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Tuesday, the same as the close on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.