MNI: PBOC Net Injects CNY195 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY487 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY195 billion after offsetting maturities of CNY292 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4935% at 09:31 am local time from the close of 1.5404% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 59 on Wednesday, compared with the close of 51 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.