MNI: PBOC Net Injects CNY207.5 Billion via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY218.5 billion via 7-day reverse repos, with the rate unchanged at 1.4%. The operation led to a net injection of CNY207.5 billion after offsetting the maturity of CNY11 billion reverse repos today, according to Wind Information. 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.3996% at 09:58 am local time from the close of 1.3822% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 53 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.