MNI: PBOC Net Drains CNY55.5 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY170.7 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY55.5 billion after offsetting the maturity of CNY226.2 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4609% at 09:55 am local time from the close of 1.5067% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Friday, compared with the close of 49 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.