MNI: PBOC Net Injects CNY158.6 Bln via OMO Thurs; Rate Cut

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY158.6 billion via 7-day reverse repos, with the rate lowered to 1.40% from the previous 1.50%. The operation led to a net injection of CNY158.6 billion as no repos mature today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5187% at 09:40 am local time from the close of 1.6802% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 49 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.