MNI: PBOC Net Drains CNY8.7 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY247 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY8.7 billion after offsetting maturities of CNY255.7 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.4562% at 10:00 am local time from the close of 1.4523% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 50 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.