MNI: PBOC Net Injects CNY120 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY340.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY120 billion after offsetting the maturities of CNY220.5 billion reverse repos today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5633% at 09:35 am local time from the close of 1.7489% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 49 on Sunday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.