MNI: PBOC Net Injects CNY222 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY250.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY222 billion after offsetting the maturities of CNY28.5 billion reverse repos today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5930% at 09:30 am local time from the close of 1.6837% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Thursday, compared with the close of 43 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.