MNI: PBOC Net Injects CNY148.6 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY291.1 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY148.6 billion after offsetting the maturities of CNY142.5 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4227% at 09:32 am local time from the close of 1.6330% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 46 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.