MNI: PBOC Net Injects CNY19 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY19 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY19 billion as no reverse repos matures today, according to Wind Information.

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4908% at 09:27 am local time from the close of 1.5034% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Friday, compared with the close of 48 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.