MNI: PBOC Net Drains CNY50.9 Bln via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY164 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY50.9 billion after offsetting the maturity of CNY214.9 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4886% at 09:36 am local time from the close of 1.5063% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Tuesday, compared with the close of 46 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.