MNI: PBOC Net Drains CNY7.2 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY119.3 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY7.2 billion after offsetting the maturity of CNY126.5 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4650% at 09:33 am local time from the close of 1.5276% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 49 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.