MNI: PBOC Net Drains CNY62.2 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY118.6 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY62.2 billion after offsetting maturities of CNY180.8 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4154% at 09:22 am local time from the close of 1.4521% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Wednesday, compared with the close of 48 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.