MNI: PBOC Net Injects CNY103 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY279 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY103 billion after offsetting the maturities of CNY176 billion reverse repos today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5593% at 09:29 am local time from the close of 1.7130% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Sunday, compared with the close of 47 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.