MNI: PBOC Net Drains CNY94.1 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY64.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY94.1 billion after offsetting the maturities of CNY158.6 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4814% at 09:53 am local time from the close of 1.5171% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Wednesday, compared with the close of 46 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.